Arhaus (NASDAQ:ARHS) Price Target Raised to $14.00

Arhaus (NASDAQ:ARHS) had its target price hoisted by Stifel Nicolaus from $13.00 to $14.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on ARHS. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Barclays dropped their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Arhaus Stock Performance

Arhaus stock opened at $11.20 on Monday. The company has a market cap of $1.57 billion, a PE ratio of 20.00, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a fifty day moving average price of $9.96 and a two-hundred day moving average price of $11.54. 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 (NASDAQ:ARHS) last posted 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts expect that Arhaus will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in the company. Wasatch Advisors LP increased its position in Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after acquiring an additional 2,536,075 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Arhaus in the second quarter valued at approximately $21,034,000. Institutional investors 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.