Arhaus (NASDAQ:ARHS) Coverage Initiated by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Arhaus (NASDAQ:ARHS) in a report published on Friday, Marketbeat reports. The firm issued a hold rating and a $12.00 price target on the stock.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group raised their price objective on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Wedbush reduced their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and cut 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 target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Stock Up 0.8 %

NASDAQ:ARHS opened at $12.35 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $10.27 and its two-hundred day moving average is $11.38. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 12.14 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted 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 business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Research analysts anticipate that Arhaus will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank bought a new position in Arhaus in the 2nd quarter worth about $30,000. Quantbot Technologies LP bought a new position in Arhaus in the 3rd quarter worth about $43,000. Intech Investment Management LLC bought a new position in Arhaus in the 3rd quarter worth about $131,000. Total Clarity Wealth Management Inc. bought a new position in Arhaus in the 4th quarter worth about $140,000. Finally, Olympiad Research LP bought a new position in Arhaus in the 3rd quarter worth about $202,000. Institutional investors own 27.88% of the company’s stock.

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.