Arhaus, Inc. (NASDAQ:ARHS – Get Free Report)’s stock price fell 4.5% during trading on Friday . The stock traded as low as $8.98 and last traded at $9.00. 983,686 shares traded hands during trading, an increase of 17% from the average session volume of 840,098 shares. The stock had previously closed at $9.42.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on ARHS shares. Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus decreased their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.90.
Check Out Our Latest Analysis on ARHS
Arhaus Stock Down 4.2 %
Arhaus (NASDAQ:ARHS – Get Free Report) last issued its quarterly 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). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Arhaus, Inc. will post 0.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP grew its position in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares during the period. American Century Companies Inc. grew its holdings in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after purchasing an additional 2,219,554 shares during the period. JPMorgan Chase & Co. increased its stake in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Emerald Advisers LLC raised its holdings in Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after purchasing an additional 32,077 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Arhaus during the second quarter worth $21,034,000. 27.88% of the stock is currently owned by institutional investors.
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.
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