Wedbush Cuts Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS - Get Free Report) had its price target dropped by analysts at Wedbush from $11.00 to $10.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Wedbush's target price suggests a potential upside of 3.31% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their price objective on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday. Barclays dropped their price objective on shares of Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Robert W. Baird cut their price objective on Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and lowered their target price for the company from $15.00 to $11.00 in a report on Thursday. Finally, Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and dropped their price target for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.80.

Arhaus Price Performance

Arhaus stock traded down $0.02 during midday trading on Friday, reaching $9.68. The company's stock had a trading volume of 1,630,587 shares, compared to its average volume of 1,294,059. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. Arhaus has a fifty-two week low of $8.04 and a fifty-two week high of $19.81. The stock's 50 day simple moving average is $10.70 and its 200 day simple moving average is $13.81. The firm has a market capitalization of $1.36 billion, a PE ratio of 15.68, a P/E/G ratio of 9.98 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. On average, equities research analysts forecast that Arhaus will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Arhaus in the 1st quarter valued at about $441,000. SG Americas Securities LLC purchased a new stake in Arhaus during the first quarter worth approximately $1,409,000. Oppenheimer Asset Management Inc. grew its stake in Arhaus by 174.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 57,338 shares of the company's stock worth $882,000 after buying an additional 36,484 shares during the period. Swiss National Bank raised its stake in shares of Arhaus by 16.1% in the 1st quarter. Swiss National Bank now owns 78,700 shares of the company's stock valued at $1,211,000 after acquiring an additional 10,900 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Arhaus by 192.7% during the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company's stock valued at $5,896,000 after acquiring an additional 252,192 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

About Arhaus

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.