Loop Capital Cuts Arhaus (NASDAQ:ARHS) Price Target to $8.00

Arhaus (NASDAQ:ARHS) had its target price trimmed by Loop Capital from $12.00 to $8.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also commented on ARHS. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Arhaus in a report on Friday. Robert W. Baird cut shares of Arhaus from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $8.50 in a research note on Monday, April 7th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Piper Sandler decreased their price objective on Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Finally, Jefferies Financial Group boosted their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Arhaus presently has a consensus rating of “Hold” and an average price target of $10.62.

Arhaus Stock Performance

NASDAQ:ARHS opened at $7.96 on Friday. The stock has a market capitalization of $1.12 billion, a P/E 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 has a 1 year low of $6.61 and a 1 year high of $19.81. The firm has a 50 day moving average of $8.42 and a 200-day moving average of $9.78.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. During the same period in the prior year, the firm posted $0.11 EPS. Arhaus’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. BNP Paribas Financial Markets bought a new position in Arhaus during the fourth quarter worth about $58,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus in the 4th quarter valued at approximately $69,000. AlphaQuest LLC boosted its stake in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after acquiring an additional 5,786 shares during the last quarter. GAMMA Investing LLC grew its holdings in Arhaus by 1,158.4% during the first quarter. GAMMA Investing LLC now owns 9,614 shares of the company’s stock valued at $840,000 after purchasing an additional 8,850 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Arhaus in the fourth quarter valued at approximately $99,000. Institutional investors 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.