Morgan Stanley Lowers Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS) had its target price reduced by equities researchers at Morgan Stanley from $11.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 25.63% from the company’s current price.

ARHS has been the subject of a number of other research reports. Baird R W downgraded shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Robert W. Baird downgraded Arhaus from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler dropped their price target on Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Jefferies Financial Group boosted their target price on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, Loop Capital dropped their price objective on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.62.

Arhaus Trading Up 0.4 %

Arhaus stock opened at $7.96 on Friday. Arhaus has a 12 month low of $6.61 and a 12 month high of $19.81. The business’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $9.78. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $311.37 million for the quarter, compared to analysts’ expectations of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities analysts predict that Arhaus will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Arhaus in the fourth quarter valued at about $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of Arhaus in the 4th quarter valued at about $69,000. AlphaQuest LLC lifted its position in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after purchasing an additional 5,786 shares during the period. Cetera Investment Advisers bought a new position in shares of Arhaus during the fourth quarter valued at approximately $99,000. Finally, Stephens Inc. AR purchased a new position in Arhaus during the fourth quarter valued at approximately $109,000. 27.88% of the stock is currently owned by hedge funds and other 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.