Arhaus (NASDAQ:ARHS) Given New $13.00 Price Target at Barclays

Arhaus (NASDAQ:ARHS) had its target price trimmed by Barclays from $15.00 to $13.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently commented on ARHS. Robert W. Baird cut their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research report on Wednesday, October 9th. TD Cowen lowered their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $15.00 to $11.00 in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.80.

Arhaus Price Performance

Shares of ARHS traded down $0.02 during mid-day trading on Friday, hitting $9.68. 1,630,588 shares of the company were exchanged, compared to its average volume of 1,294,059. Arhaus has a 1-year low of $8.04 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The company has a 50 day moving average of $10.65 and a 200-day moving average of $13.78. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Analysts expect that Arhaus will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank acquired a new stake in Arhaus during the 2nd quarter worth $30,000. California State Teachers Retirement System raised its stake in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after acquiring an additional 5,178 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after acquiring an additional 5,577 shares in the last quarter. Finally, Privium Fund Management B.V. raised its stake in Arhaus by 34.7% during the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock worth $268,000 after acquiring an additional 5,600 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.