Arhaus (NASDAQ:ARHS) Research Coverage Started at Loop Capital

Loop Capital assumed coverage on shares of Arhaus (NASDAQ:ARHSFree Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $12.00 price target on the stock.

Several other analysts also recently issued reports on ARHS. Stifel Nicolaus upped their price objective on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Barclays decreased their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Wedbush cut their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Finally, Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.18.

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Arhaus Price Performance

Arhaus stock opened at $12.35 on Friday. The firm has a market capitalization of $1.74 billion, a PE ratio of 22.05, a P/E/G ratio of 12.14 and a beta of 2.58. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The firm’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $11.33. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHSGet Free Report) last released its quarterly 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 net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Trading of Arhaus

A number of institutional investors have recently modified their holdings of ARHS. Amalgamated Bank acquired a new position in Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new position in shares of Arhaus in the 3rd quarter valued at $43,000. Intech Investment Management LLC acquired a new position in shares of Arhaus during the 3rd quarter valued at $131,000. Total Clarity Wealth Management Inc. purchased a new stake in Arhaus during the 4th quarter worth $140,000. Finally, Olympiad Research LP acquired a new stake in Arhaus in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

About Arhaus

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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.

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Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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