Arhaus (NASDAQ:ARHS) PT Lowered to $15.00

Arhaus (NASDAQ:ARHS) had its price target dropped by investment analysts at Bank of America from $18.00 to $15.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 42.59% from the company’s current price.

A number of other brokerages have also recently issued reports on ARHS. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price target on shares of Arhaus in a research note on Monday, August 12th. Craig Hallum lowered their price objective on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Robert W. Baird cut their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Barclays dropped their price objective on Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Three equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.09.

Arhaus Stock Performance

Shares of ARHS stock opened at $10.52 on Friday. The firm has a market cap of $1.48 billion, a PE ratio of 13.84, a P/E/G ratio of 12.08 and a beta of 2.51. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company’s fifty day simple moving average is $11.97 and its 200-day simple moving average is $14.62. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts expect that Arhaus will post 0.48 EPS for the current fiscal year.

Insider Transactions at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’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 transaction, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Large investors have recently added to or reduced their stakes in the stock. Carnegie Investment Counsel lifted its position in shares of Arhaus by 176.8% during the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after acquiring an additional 188,240 shares during the period. Kings Path Partners LLC bought a new stake in Arhaus during the third quarter worth about $400,000. Handelsbanken Fonder AB acquired a new stake in Arhaus during the third quarter worth about $207,000. Sanctuary Advisors LLC bought a new position in Arhaus in the 2nd quarter valued at about $310,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Arhaus in the 2nd quarter valued at approximately $244,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.