Arhaus (NASDAQ:ARHS - Get Free Report) was downgraded by Craig Hallum from a "buy" rating to a "hold" rating in a report issued on Tuesday, FinViz reports. They presently have a $10.00 target price on the stock, down from their previous target price of $14.00. Craig Hallum's price target suggests a potential downside of 3.29% from the stock's previous close.
Several other brokerages also recently weighed in on ARHS. TD Cowen lowered their price target on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Stifel Nicolaus dropped their target price on shares of Arhaus from $19.50 to $16.00 and set a "buy" rating for the company in a report on Monday, August 12th. Wedbush assumed coverage on Arhaus in a report on Friday. They set a "neutral" rating and a $11.00 price target on the stock. Bank of America lowered their price objective on Arhaus from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $15.00 target price on shares of Arhaus in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.73.
Get Our Latest Stock Report on ARHS
Shares of Arhaus stock opened at $10.34 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The stock has a market capitalization of $1.45 billion, a PE ratio of 13.61, a P/E/G ratio of 12.08 and a beta of 2.51. Arhaus has a 1-year low of $7.56 and a 1-year high of $19.81. The company's fifty day simple moving average is $11.97 and its 200-day simple moving average is $14.62.
Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The business had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Arhaus's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Arhaus will post 0.48 earnings per share for the current year.
In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company's stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now directly owns 36,736 shares in the company, valued at $591,816.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.52% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. Carnegie Investment Counsel raised its holdings in shares of Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company's stock worth $3,628,000 after buying an additional 188,240 shares during the period. Kings Path Partners LLC purchased a new stake in Arhaus in the third quarter worth $400,000. Handelsbanken Fonder AB purchased a new stake in Arhaus in the third quarter worth $207,000. Sanctuary Advisors LLC bought a new stake in shares of Arhaus during the second quarter worth $310,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arhaus during the second quarter valued at $244,000. Hedge funds and other institutional investors own 27.88% of the company's stock.
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.
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