Stifel Nicolaus Issues Pessimistic Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS) had its price target lowered by Stifel Nicolaus from $16.00 to $13.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

ARHS has been the topic of a number of other reports. Barclays reduced their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock 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 note on Friday, August 9th. TD Cowen dropped their target price on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Wedbush assumed coverage on shares of Arhaus in a research note on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and a consensus price target of $13.20.

Arhaus Stock Performance

Arhaus stock opened at $9.70 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. Arhaus has a 1-year low of $8.04 and a 1-year high of $19.81. The firm has a market capitalization of $1.36 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. The company’s 50-day moving average is $10.70 and its 200 day moving average is $13.81.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $314.28 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts forecast that Arhaus will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently modified their holdings of ARHS. Amalgamated Bank bought a new position in shares of Arhaus during the second quarter valued at approximately $30,000. Quest Partners LLC boosted its stake in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Arhaus during the second quarter valued at approximately $183,000. Olympiad Research LP bought a new position in shares of Arhaus during the third quarter valued at approximately $202,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Arhaus during the third quarter valued at approximately $207,000. 27.88% of the stock is currently owned by institutional investors.

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.