Arhaus (NASDAQ:ARHS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Arhaus (NASDAQ:ARHS) had its target price upped by investment analysts at Stifel Nicolaus from $13.00 to $14.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 33.97% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday. Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Arhaus Stock Performance

NASDAQ ARHS traded down $0.43 during trading on Monday, hitting $10.45. The company’s stock had a trading volume of 526,010 shares, compared to its average volume of 1,688,483. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The firm has a market cap of $1.47 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The firm has a 50 day moving average price of $9.84 and a 200 day moving average price of $11.62. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

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

Institutional Trading of Arhaus

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

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.