Arhaus’ (ARHS) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research note issued to investors on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $11.00 price objective on the stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus lowered their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Finally, Wedbush decreased their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Price Performance

NASDAQ:ARHS opened at $10.88 on Friday. Arhaus has a one year low of $8.30 and a one year high of $19.81. The stock has a market cap of $1.53 billion, a PE ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a 50 day moving average price of $9.84 and a 200 day moving average price of $11.66.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. Equities research analysts expect that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in Arhaus in the second quarter worth $30,000. Quantbot Technologies LP acquired a new position in shares of Arhaus in the 3rd quarter valued at about $43,000. Quest Partners LLC grew its position 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 valued at $121,000 after buying an additional 7,168 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Arhaus during the third quarter worth about $131,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Arhaus in the second quarter worth about $244,000. 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.