Arhaus (NASDAQ:ARHS) Given New $14.00 Price Target at Stifel Nicolaus

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

Several other research firms have also weighed in on ARHS. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday. Craig Hallum lowered 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. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Arhaus Price Performance

Shares of ARHS stock opened at $10.86 on Monday. The firm has a market cap of $1.53 billion, a P/E ratio of 19.39, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The business’s 50 day moving average price is $9.84 and its 200-day moving average price is $11.62. 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 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 business had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts anticipate that Arhaus will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in shares of Arhaus by 5.8% in the third 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 last quarter. Amalgamated Bank purchased a new position in shares of 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 worth $269,000 after purchasing an additional 3,358 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Arhaus by 8.7% in the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Arhaus in the third quarter worth $43,000. 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.