Arhaus (NASDAQ:ARHS) Price Target Lowered to $15.00 at Bank of America

Arhaus (NASDAQ:ARHS) had its target price trimmed by Bank of America from $18.00 to $15.00 in a research report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

ARHS has been the topic of several other reports. Wedbush began coverage on Arhaus in a research note on Friday. They set a neutral rating and a $11.00 target price on the stock. Jefferies Financial Group restated a hold rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. TD Cowen decreased their price objective on shares of Arhaus from $19.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. Robert W. Baird dropped their target price on shares of Arhaus from $18.00 to $14.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Finally, Craig Hallum decreased their price target on shares of Arhaus from $21.00 to $14.00 and set a buy rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $14.09.

Arhaus Stock Performance

Shares of Arhaus stock opened at $10.34 on Friday. The company has a market capitalization of $1.45 billion, a PE ratio of 13.61, a P/E/G ratio of 12.08 and a beta of 2.51. The company has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $14.62. Arhaus has a one year low of $7.56 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. Arhaus’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. Research analysts expect that Arhaus will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Arhaus during the 2nd quarter valued at about $30,000. Quest Partners LLC increased its position in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after buying an additional 7,168 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Arhaus during the 2nd quarter worth approximately $183,000. Ballentine Partners LLC purchased a new position in shares of Arhaus during the 1st quarter valued at approximately $204,000. Finally, Aspiriant LLC acquired a new stake in Arhaus in the 1st quarter valued at $204,000. Hedge funds and other 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.