Telsey Advisory Group Reiterates Outperform Rating for Arhaus (NASDAQ:ARHS)

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $11.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential upside of 1.10% from the company’s current price.

A number of other analysts have also issued reports on ARHS. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wedbush reduced their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Stock Performance

Shares of ARHS opened at $10.88 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. The stock’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $11.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81.

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

Hedge Funds Weigh In On Arhaus

Hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank purchased a new position in shares of Arhaus in the 2nd quarter worth about $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus in the 3rd quarter worth approximately $43,000. Quest Partners LLC grew its stake in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $131,000. Finally, Olympiad Research LP purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $202,000. 27.88% of the stock is currently owned by hedge funds and other 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.