Arhaus (NASDAQ:ARHS) Price Target Raised to $10.00

Arhaus (NASDAQ:ARHS) had its price objective lifted by equities research analysts at Jefferies Financial Group from $9.50 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential downside of 8.76% from the stock’s current price.

Several other research firms have also issued reports on ARHS. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Friday. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Barclays cut their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Stifel Nicolaus dropped their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.60.

Arhaus Stock Performance

Shares of ARHS traded up $1.50 during trading hours on Friday, hitting $10.96. The stock had a trading volume of 2,089,712 shares, compared to its average volume of 1,377,974. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.57, a PEG ratio of 14.78 and a beta of 2.58. The stock has a fifty day moving average price of $9.79 and a 200 day moving average price of $11.74.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Analysts anticipate that Arhaus will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after acquiring an additional 1,859,398 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Arhaus during the 3rd quarter valued at $814,000. Geode Capital Management LLC lifted its holdings in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Arhaus during the 3rd quarter valued at $236,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after purchasing an additional 636,691 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

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.