Arhaus (NASDAQ:ARHS) Price Target Cut to $15.00

Arhaus (NASDAQ:ARHS) had its price target cut by equities researchers at Barclays from $17.00 to $15.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 18.48% from the company’s previous close.

Several other research firms have also issued reports on ARHS. Piper Sandler reiterated an “overweight” rating and set a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Stifel Nicolaus started coverage on shares of Arhaus in a research report on Tuesday, July 9th. They set a “buy” rating and a $19.50 target price on the stock. TD Cowen lifted their target price on shares of Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Robert W. Baird cut their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group downgraded shares of Arhaus from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.65.

Arhaus Price Performance

Shares of NASDAQ ARHS traded up $0.56 during midday trading on Friday, reaching $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 debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The business’s 50 day moving average price is $16.50 and its two-hundred day moving average price is $15.09. The company has a market cap of $1.78 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.13 and a beta of 2.57.

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

Insider Activity at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now directly owns 36,736 shares in the company, valued at $591,816.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.97, for a total value of $2,845,500.00. Following the transaction, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The disclosure for this sale can be found here. Insiders have sold a total of 157,960 shares of company stock valued at $2,978,281 over the last 90 days. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI raised its holdings in Arhaus by 647.1% during the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after acquiring an additional 5,500 shares during the period. Quest Partners LLC raised its holdings 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 buying an additional 7,168 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after buying an additional 3,635 shares during the last quarter. Sapient Capital LLC bought a new stake in Arhaus in the fourth quarter valued at $118,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in Arhaus in the fourth quarter valued at $119,000. 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.