Jefferies Financial Group Boosts Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS) had its price objective boosted by equities researchers at Jefferies Financial Group from $9.50 to $10.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 8.09% from the stock’s previous close.

A number of other research analysts have also weighed in on ARHS. Stifel Nicolaus reduced their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Wedbush lowered 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. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a report on Friday. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.10.

Arhaus Trading Up 15.0 %

Arhaus stock opened at $10.88 on Friday. 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 current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $9.84 and a 200 day moving average price of $11.66. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 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 analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Equities research analysts predict that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its position in Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after acquiring an additional 2,536,075 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after purchasing an additional 2,219,554 shares during the period. JPMorgan Chase & Co. grew its holdings in Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Emerald Advisers LLC increased its stake in Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Arhaus in the 2nd quarter worth $21,034,000. 27.88% of the stock is currently 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.