Raymond James Begins Coverage on Arhaus (NASDAQ:ARHS)

Investment analysts at Raymond James assumed coverage on shares of Arhaus (NASDAQ:ARHS) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set a “market perform” rating on the stock.

ARHS has been the subject of several other reports. Piper Sandler cut their price objective on shares of Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Loop Capital cut their price objective on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, May 9th. Guggenheim cut their price objective on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Baird R W cut shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, Stifel Nicolaus decreased their target price on shares of Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.50.

Arhaus Stock Down 0.2%

NASDAQ ARHS opened at $8.81 on Monday. Arhaus has a 52 week low of $6.61 and a 52 week high of $19.80. 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 business’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $9.69. The firm has a market cap of $1.24 billion, a PE ratio of 15.73, a P/E/G ratio of 11.57 and a beta of 2.63.

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

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Arhaus by 3.2% in the first quarter. Rhumbline Advisers now owns 73,761 shares of the company’s stock valued at $642,000 after purchasing an additional 2,255 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Arhaus by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 620,508 shares of the company’s stock valued at $5,398,000 after purchasing an additional 120,314 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of Arhaus by 3.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,079,256 shares of the company’s stock valued at $9,390,000 after purchasing an additional 33,592 shares during the period. Millennium Management LLC boosted its stake in shares of Arhaus by 83.8% in the first quarter. Millennium Management LLC now owns 696,690 shares of the company’s stock valued at $6,061,000 after purchasing an additional 317,631 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Arhaus by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company’s stock valued at $265,000 after purchasing an additional 1,326 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

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.