Craig Hallum Lowers Arhaus (NASDAQ:ARHS) Price Target to $14.00

Arhaus (NASDAQ:ARHS) had its target price cut by Craig Hallum from $21.00 to $14.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

ARHS has been the topic of several other research reports. Piper Sandler reissued an overweight rating and issued a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Jefferies Financial Group cut Arhaus from a buy rating to a hold rating and dropped their price target for the company from $22.00 to $16.00 in a research report on Monday, July 8th. Telsey Advisory Group reaffirmed an outperform rating and set a $18.00 price target on shares of Arhaus in a research report on Monday, August 5th. Barclays dropped their price target on Arhaus from $17.00 to $15.00 and set an overweight rating on the stock in a research report on Friday. Finally, Stifel Nicolaus initiated coverage on Arhaus in a research report on Tuesday, July 9th. They set a buy rating and a $19.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus has a consensus rating of Moderate Buy and a consensus target price of $15.65.

Arhaus Stock Performance

Shares of ARHS stock traded up $0.56 during trading on Friday, hitting $12.66. The company’s stock had a trading volume of 2,463,332 shares, compared to its average volume of 1,263,945. The company has a market cap of $1.78 billion, a PE ratio of 16.66, a P/E/G ratio of 2.13 and a beta of 2.57. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $16.50 and a 200-day moving average of $15.09. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. As a group, research analysts anticipate that Arhaus will post 0.76 earnings per share for the current year.

Insider Activity at Arhaus

In other news, insider Lisa Chi sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the transaction, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Insiders sold 157,960 shares of company stock worth $2,978,281 in the last ninety days. 1.52% of the stock is owned by company insiders.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI increased its holdings in shares of Arhaus by 647.1% in the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after purchasing an additional 5,500 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arhaus by 68.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after purchasing an additional 3,635 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Arhaus in the 4th quarter worth $118,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Arhaus in the 4th quarter worth $119,000. 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.