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

Arhaus (NASDAQ:ARHS) had its price objective hoisted by stock analysts at Stifel Nicolaus from $13.00 to $14.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 27.97% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Piper Sandler lifted their price target on shares of Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Friday, January 10th. Jefferies Financial Group boosted their target price on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Arhaus Trading Up 0.7 %

Shares of Arhaus stock opened at $10.94 on Monday. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company’s fifty day moving average price is $9.92 and its two-hundred day moving average price is $11.54.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect that Arhaus will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Arhaus

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares during the period. Amalgamated Bank purchased a new stake in Arhaus in the second quarter worth $30,000. Soros Capital Management LLC raised its stake in shares of Arhaus by 18.2% in the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock valued at $269,000 after buying an additional 3,358 shares during the period. Janus Henderson Group PLC lifted its position in shares of Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after buying an additional 3,529 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Arhaus during the 3rd quarter valued at $43,000. 27.88% of the stock is currently owned by institutional investors.

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.