Arhaus (NASDAQ:ARHS) Now Covered by Analysts at Loop Capital

Equities researchers at Loop Capital initiated coverage on shares of Arhaus (NASDAQ:ARHS) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “hold” rating and a $12.00 price target on the stock. Loop Capital’s target price would indicate a potential downside of 2.83% from the stock’s current price.

Other research analysts have also issued reports about the stock. Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research note on Friday, January 10th. Finally, Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Price Performance

ARHS opened at $12.35 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 22.05, a PEG ratio of 12.14 and a beta of 2.58. Arhaus has a 1-year low of $8.30 and a 1-year high of $19.81. The company has a 50-day moving average of $10.27 and a 200-day moving average of $11.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last issued its earnings results 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 analyst estimates of $328.94 million. During the same quarter in the previous year, the business posted $0.14 EPS. Arhaus’s revenue was down 2.2% compared to the same quarter last year. Equities analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Trading of Arhaus

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its position in Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after acquiring an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Emerald Advisers LLC lifted its stake in Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after purchasing an additional 32,077 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after buying an additional 636,691 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after buying an additional 134,312 shares during 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.