Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) Target Price at $13.20

Arhaus, Inc. (NASDAQ:ARHS) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.90.

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, TD Cowen dropped their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Arhaus Stock Down 1.1 %

Shares of NASDAQ ARHS opened at $9.58 on Friday. Arhaus has a 12-month low of $8.22 and a 12-month high of $19.81. The stock’s fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $13.69. The stock has a market capitalization of $1.35 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 12.85 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

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

Institutional Investors Weigh In On Arhaus

A number of large investors have recently bought and sold shares of ARHS. Price T Rowe Associates Inc. MD acquired a new stake in Arhaus during the 1st quarter valued at approximately $8,326,000. Sei Investments Co. lifted its position in Arhaus by 192.7% during the first quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after purchasing an additional 252,192 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Arhaus by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock valued at $2,605,000 after purchasing an additional 112,583 shares during the last quarter. Russell Investments Group Ltd. grew its position in Arhaus by 142.4% during the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock worth $4,794,000 after purchasing an additional 182,979 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of Arhaus by 176.8% during the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after buying an additional 188,240 shares during the last quarter. Hedge funds and other 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.