Arhaus (NASDAQ:ARHS) Now Covered by Analysts at Loop Capital

Investment analysts at Loop Capital initiated coverage on shares of Arhaus (NASDAQ:ARHS) in a report released on Friday,Briefing.com Automated Import reports. The firm set a “hold” rating and a $12.00 price target on the stock. Loop Capital’s price target indicates a potential downside of 2.04% from the company’s current price.

ARHS has been the subject of several other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Piper Sandler increased their price objective on shares of Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Stock Performance

Arhaus stock opened at $12.25 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 12.07 and a beta of 2.58. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock’s 50-day moving average is $10.16 and its 200-day moving average is $11.39.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts anticipate that Arhaus will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank bought a new stake in Arhaus during the second quarter valued at $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter valued at approximately $43,000. Intech Investment Management LLC acquired a new stake in shares of Arhaus during the 3rd quarter worth approximately $131,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Arhaus in the 2nd quarter worth approximately $244,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Arhaus during the 4th quarter valued at approximately $140,000. 27.88% of the stock is owned by institutional investors and hedge funds.

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.