Arhaus (NASDAQ:ARHS) Downgraded by Craig Hallum

Craig Hallum lowered shares of Arhaus (NASDAQ:ARHS) from a buy rating to a hold rating in a research note released on Tuesday morning, Marketbeat reports. Craig Hallum currently has $10.00 price target on the stock, down from their previous price target of $14.00.

Other equities research analysts have also issued research reports about the company. Wedbush started coverage on Arhaus in a research report on Friday, October 11th. They set a “neutral” rating and a $11.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Bank of America cut their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, TD Cowen cut their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.73.

Arhaus Trading Down 0.6 %

Shares of ARHS opened at $9.56 on Tuesday. Arhaus has a 52-week low of $7.56 and a 52-week high of $19.81. The business’s fifty day moving average is $11.71 and its 200-day moving average is $14.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 28.45% and a net margin of 6.92%. Arhaus’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Equities analysts anticipate that Arhaus will post 0.48 EPS for the current fiscal year.

Insider Activity

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was 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 of the company’s stock, valued at $591,816.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its stake in Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after buying an additional 5,233,776 shares during the period. Vanguard Group Inc. raised its stake in Arhaus by 11.8% during the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after buying an additional 463,749 shares during the period. American Century Companies Inc. raised its stake in Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares during the period. Hood River Capital Management LLC raised its stake in Arhaus by 0.6% during the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock worth $23,813,000 after buying an additional 8,824 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in Arhaus by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after buying an additional 8,461 shares during the period. 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.