Loop Capital Begins Coverage on Arhaus (NASDAQ:ARHS)

Stock analysts at Loop Capital started coverage on shares of Arhaus (NASDAQ:ARHS) in a report released on Friday, Marketbeat reports. The firm set a “hold” rating and a $12.00 price target on the stock. Loop Capital’s price objective points to a potential downside of 2.83% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush lowered their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Stifel Nicolaus lifted their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Arhaus has a consensus rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Trading Up 0.8 %

NASDAQ:ARHS opened at $12.35 on Friday. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $10.27 and its 200-day simple moving average is $11.35. The firm has a market cap of $1.74 billion, a P/E ratio of 22.05, a PEG ratio of 12.14 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Arhaus will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently made changes to their positions in ARHS. Daymark Wealth Partners LLC lifted its position in Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after acquiring an additional 1,000 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Arhaus in the second quarter valued at $30,000. Soros Capital Management LLC grew its holdings in Arhaus by 18.2% during the 3rd quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock valued at $269,000 after purchasing an additional 3,358 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after buying an additional 3,529 shares during the period. Hedge funds and other institutional investors 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.