Arhaus (NASDAQ:ARHS - Free Report) had its target price decreased by Stifel Nicolaus from $16.00 to $13.00 in a research note issued to investors on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the company. TD Cowen decreased their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Wedbush started coverage on Arhaus in a report on Friday, October 11th. They set a "neutral" rating and a $11.00 price objective for the company. Barclays reduced their price target on Arhaus from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group reiterated a "hold" rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Finally, Robert W. Baird lowered their target price on Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.90.
Read Our Latest Stock Report on ARHS
Arhaus Stock Up 0.1 %
Arhaus stock traded up $0.01 during mid-day trading on Monday, hitting $8.56. The company's stock had a trading volume of 1,297,449 shares, compared to its average volume of 1,263,509. The firm's 50 day moving average is $10.97 and its 200 day moving average is $13.94. The company has a market cap of $1.20 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 9.84 and a beta of 2.58. Arhaus has a 52-week low of $8.04 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.
Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts anticipate that Arhaus will post 0.47 earnings per share for the current year.
Institutional Investors Weigh In On Arhaus
A number of hedge funds and other institutional investors have recently bought and sold shares of ARHS. Amalgamated Bank purchased a new position in Arhaus in the second quarter worth $30,000. Nordea Investment Management AB boosted its position in shares of Arhaus by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 278,089 shares of the company's stock valued at $4,436,000 after acquiring an additional 4,169 shares during the last quarter. California State Teachers Retirement System grew its stake in Arhaus by 16.9% in the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company's stock worth $552,000 after buying an additional 5,178 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock worth $1,403,000 after acquiring an additional 5,577 shares during the last quarter. Finally, Privium Fund Management B.V. lifted its stake in Arhaus by 34.7% during the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company's stock worth $268,000 after purchasing an additional 5,600 shares during the last quarter. Institutional investors own 27.88% of the company's stock.
About Arhaus
(
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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.
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