Barclays Cuts Arhaus (NASDAQ:ARHS) Price Target to $15.00

Arhaus (NASDAQ:ARHS) had its target price reduced by Barclays from $17.00 to $15.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus began coverage on shares of Arhaus in a report on Tuesday, July 9th. They issued a buy rating and a $19.50 price target for the company. Jefferies Financial Group cut Arhaus from a buy rating to a hold rating and dropped their target price for the stock from $22.00 to $16.00 in a report on Monday, July 8th. TD Cowen increased their price target on Arhaus from $18.00 to $19.00 and gave the company a buy rating in a report on Monday, May 20th. Telsey Advisory Group reaffirmed an outperform rating and set a $18.00 price objective on shares of Arhaus in a research note on Monday, August 5th. Finally, Piper Sandler reissued an overweight rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Arhaus currently has an average rating of Moderate Buy and a consensus price target of $15.00.

Arhaus Stock Performance

NASDAQ ARHS opened at $11.72 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. Arhaus has a 1-year low of $7.56 and a 1-year high of $19.81. The business has a 50 day simple moving average of $16.35 and a two-hundred day simple moving average of $15.11. The stock has a market capitalization of $1.64 billion, a PE ratio of 15.42, a P/E/G ratio of 2.13 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results 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 net margin of 8.30% and a return on equity of 34.83%. The company 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 business posted $0.29 earnings per share. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the sale, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Dawn Phillipson sold 150,000 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is available through this link. Also, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The disclosure for this sale can be found here. Insiders have sold 157,960 shares of company stock valued at $2,978,281 in the last 90 days. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new stake in shares of Arhaus in the 2nd quarter worth approximately $30,000. National Bank of Canada FI lifted its holdings in Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after buying an additional 5,500 shares during the period. Quest Partners LLC boosted its position in Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after acquiring 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 valued at $106,000 after acquiring an additional 3,635 shares during the period. Finally, Sapient Capital LLC bought a new position in shares of Arhaus in the 4th quarter worth $118,000. 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.