Arhaus (NASDAQ:ARHS) Now Covered by Loop Capital

Loop Capital initiated coverage on shares of Arhaus (NASDAQ:ARHS) in a report released on Friday morning, MarketBeat reports. The firm issued a hold rating and a $12.00 price objective on the stock.

Several other analysts have also commented on the stock. Wedbush cut their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Piper Sandler increased their target price on shares of Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Trading Up 0.8 %

Arhaus stock opened at $12.35 on Friday. The firm has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $11.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a market capitalization of $1.74 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 12.14 and a beta of 2.58. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81.

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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities research analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC increased its stake in Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after buying an additional 1,000 shares during the period. Victory Capital Management Inc. increased its stake in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares during the period. Amalgamated Bank acquired a new position in shares of Arhaus during the 2nd quarter worth $30,000. Soros Capital Management LLC increased its stake in shares of Arhaus by 18.2% during the 3rd quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after purchasing an additional 3,358 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.