Arhaus (NASDAQ:ARHS) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a report issued on Friday,Benzinga reports. Telsey Advisory Group currently has a $11.00 price target on the stock.

A number of other equities analysts have also recently issued reports on the stock. Bank of America cut 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. Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Wedbush lowered their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Barclays reduced their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Arhaus Price Performance

Shares of ARHS opened at $10.88 on Friday. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The firm’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $11.74. The stock has a market cap of $1.53 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts anticipate that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently made changes to their positions in the company. Amalgamated Bank bought a new position in shares of Arhaus in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP bought a new position in Arhaus in the third quarter worth approximately $43,000. Quest Partners LLC boosted its stake in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Arhaus during the 3rd quarter valued at $131,000. Finally, Olympiad Research LP purchased a new stake in shares of Arhaus in the 3rd quarter worth $202,000. 27.88% of the stock is currently owned by institutional investors.

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.