Arhaus (NASDAQ:ARHS) Price Target Cut to $14.00

Arhaus (NASDAQ:ARHS) had its price objective decreased by Robert W. Baird from $18.00 to $14.00 in a report published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on ARHS. TD Cowen raised their price target on Arhaus from $18.00 to $19.00 and gave the stock a buy rating in a report on Monday, May 20th. Jefferies Financial Group cut Arhaus from a buy rating to a hold rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. Telsey Advisory Group restated an outperform rating and issued a $18.00 price objective on shares of Arhaus in a research note on Monday, August 5th. Stifel Nicolaus initiated coverage on Arhaus in a research note on Tuesday, July 9th. They issued a buy rating and a $19.50 price objective for the company. Finally, Piper Sandler restated an overweight rating and issued a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and eight 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 target price of $15.65.

Arhaus Stock Up 4.6 %

NASDAQ ARHS traded up $0.56 during trading on Friday, hitting $12.66. The company’s stock had a trading volume of 2,463,332 shares, compared to its average volume of 1,263,945. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The company has a market cap of $1.78 billion, a PE ratio of 16.66, a P/E/G ratio of 2.13 and a beta of 2.57. The business’s 50 day simple moving average is $16.50 and its 200-day simple moving average is $15.09. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. On average, equities analysts anticipate that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling at Arhaus

In other news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction that occurred on 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 $591,816.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,960 shares of company stock valued at $2,978,281. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. Vanguard Group Inc. boosted its stake in Arhaus by 61.1% during the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after buying an additional 1,159,856 shares during the last quarter. Sapient Capital LLC acquired a new position in Arhaus during the fourth quarter worth $118,000. Voss Capital LLC boosted its stake in Arhaus by 23.0% during the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock worth $7,288,000 after buying an additional 115,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Arhaus by 68.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after buying an additional 3,635 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Arhaus in the fourth quarter valued at $198,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.