Guggenheim Cuts Arhaus (NASDAQ:ARHS) Price Target to $12.00

Arhaus (NASDAQ:ARHS) had its price objective decreased by Guggenheim from $14.00 to $12.00 in a research report sent to investors on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other brokerages also recently weighed in on ARHS. Baird R W downgraded shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price target on shares of Arhaus in a research report on Friday. Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Stifel Nicolaus reduced their price target 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. Finally, Loop Capital dropped their target price on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating on the stock in a report on Friday. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.62.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $7.96 on Friday. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $19.81. The company has a 50 day simple moving average of $8.42 and a two-hundred day simple moving average of $9.78. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 11.57 and a beta of 2.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results 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 firm had revenue of $311.37 million for the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ARHS. BNP Paribas Financial Markets purchased a new position in shares of Arhaus during the 4th quarter worth $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus during the 4th quarter valued at $69,000. AlphaQuest LLC lifted its stake in shares of Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after buying an additional 5,786 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Arhaus during the 4th quarter valued at $99,000. Finally, Stephens Inc. AR purchased a new position in shares of Arhaus during the 4th quarter valued at $109,000. Hedge funds and other 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.