Arhaus (NASDAQ:ARHS) Coverage Initiated by Analysts at Loop Capital

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

Several other equities analysts have also recently commented on ARHS. Piper Sandler increased their price target on shares of Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Barclays reduced their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus boosted their price target on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Stock Performance

Shares of ARHS opened at $12.35 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 12.14 and a beta of 2.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $10.27 and its two-hundred day moving average is $11.33. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (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 company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Analysts forecast that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of ARHS. Carnegie Investment Counsel grew its position in Arhaus by 176.8% in the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock worth $3,628,000 after purchasing an additional 188,240 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after buying an additional 134,312 shares during the period. LMR Partners LLP bought a new position in Arhaus in the 3rd quarter worth approximately $4,308,000. Sei Investments Co. increased its position in Arhaus by 25.6% in the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after acquiring an additional 98,240 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in Arhaus during the 3rd quarter valued at $814,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

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.