Stifel Nicolaus Cuts Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS) had its price objective decreased by Stifel Nicolaus from $11.50 to $10.00 in a research note released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Loop Capital cut their price objective on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. Morgan Stanley lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, May 9th. Robert W. Baird cut shares of Arhaus from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $10.00 target price on shares of Arhaus in a research report on Friday, May 9th. Finally, Piper Sandler dropped their target price on shares of Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Arhaus Price Performance

ARHS opened at $8.45 on Monday. The company has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $9.76. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 11.57 and a beta of 2.65. Arhaus has a twelve month low of $6.61 and a twelve month high of $19.81. 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 data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. Equities research analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARHS. BNP Paribas Financial Markets acquired a new position in Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS bought a new position in shares of Arhaus during the 4th quarter worth about $69,000. AlphaQuest LLC lifted its holdings in shares of 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 period. GAMMA Investing LLC lifted its holdings in shares of Arhaus by 1,158.4% during the 1st quarter. GAMMA Investing LLC now owns 9,614 shares of the company’s stock worth $840,000 after acquiring an additional 8,850 shares during the period. Finally, Cetera Investment Advisers bought a new position in Arhaus during the 4th quarter valued at about $99,000. 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.