Arhaus’ (ARHS) Outperform Rating Reaffirmed at Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They currently have a $11.00 target price on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 16.28% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Wedbush lowered their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus dropped their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Barclays dropped their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.80.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $9.46 on Friday. The firm has a market capitalization of $1.33 billion, a PE ratio of 16.89, a PEG ratio of 14.78 and a beta of 2.58. 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 has a 1-year low of $8.30 and a 1-year high of $19.81. The business’s 50 day moving average is $9.79 and its 200-day moving average is $11.74.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. Sell-side analysts predict that Arhaus will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Arhaus during the 3rd quarter worth $814,000. Geode Capital Management LLC boosted its position in Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after buying an additional 134,312 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Arhaus in the 3rd quarter valued at $236,000. Finally, Wellington Management Group LLP raised its position in shares of Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after acquiring an additional 636,691 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

About Arhaus

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.