Jefferies Financial Group Boosts Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS) had its price objective raised by stock analysts at Jefferies Financial Group from $9.50 to $10.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 8.09% from the stock’s current price.

Several other research analysts have also commented on the stock. Stifel Nicolaus lowered their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush reduced their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research note on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.10.

Arhaus Stock Performance

NASDAQ:ARHS opened at $10.88 on Friday. The company’s 50-day moving average is $9.84 and its two-hundred day moving average is $11.66. Arhaus has a 1-year low of $8.30 and a 1-year 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 firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. Analysts forecast that Arhaus will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Arhaus by 9,035.3% in the 2nd quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock valued at $1,175,000 after purchasing an additional 68,578 shares in the last quarter. Quest Partners LLC increased its holdings in Arhaus by 716,800.0% in the second 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 in the last quarter. American Century Companies Inc. lifted its position in shares of Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after acquiring an additional 2,219,554 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Arhaus during the 2nd quarter valued at approximately $21,034,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Arhaus by 67.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock worth $1,626,000 after acquiring an additional 38,628 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.