Arhaus (NASDAQ:ARHS) Downgraded by Craig Hallum to “Hold”

Craig Hallum downgraded shares of Arhaus (NASDAQ:ARHS) from a buy rating to a hold rating in a report released on Tuesday, MarketBeat.com reports. The firm currently has $10.00 target price on the stock, down from their previous target price of $14.00.

Several other research analysts also recently issued reports on ARHS. TD Cowen cut their price target on Arhaus from $19.00 to $14.00 and set a buy rating for the company in a research note on Friday, August 9th. Stifel Nicolaus cut their target price on shares of Arhaus from $19.50 to $16.00 and set a buy rating for the company in a research report on Monday, August 12th. Wedbush began coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a neutral rating and a $11.00 price target on the stock. Robert W. Baird cut their price objective on Arhaus from $18.00 to $14.00 and set an outperform rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group reiterated a hold rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $13.73.

Arhaus Stock Down 8.5 %

Shares of NASDAQ ARHS opened at $9.46 on Tuesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The firm has a 50-day moving average price of $11.90 and a 200 day moving average price of $14.59. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

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

Insider Activity at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently modified their holdings of ARHS. Amalgamated Bank purchased a new position in Arhaus during the second quarter worth approximately $30,000. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the last quarter. Ground Swell Capital LLC purchased a new position in shares of Arhaus in the 2nd quarter worth $183,000. Ballentine Partners LLC acquired a new position in Arhaus in the first quarter valued at $204,000. Finally, Aspiriant LLC purchased a new stake in Arhaus during the first quarter valued at about $204,000. 27.88% of the stock is owned by institutional investors and hedge funds.

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.