Stifel Nicolaus Lowers Arhaus (NASDAQ:ARHS) Price Target to $10.00

Arhaus (NASDAQ:ARHS) had its price target cut by equities research analysts at Stifel Nicolaus from $11.50 to $10.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 14.48% from the company’s current price.

A number of other research firms also recently weighed in on ARHS. Robert W. Baird downgraded Arhaus from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Guggenheim reduced their target price on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley lowered their target price on shares of Arhaus from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 price objective on shares of Arhaus in a research note on Friday. Finally, Loop Capital reduced their target price on Arhaus from $12.00 to $8.00 and set a “hold” rating on the stock in a report on Friday. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.50.

Arhaus Stock Up 9.7%

Shares of Arhaus stock traded up $0.78 during trading on Monday, hitting $8.74. 1,916,508 shares of the stock traded hands, compared to its average volume of 1,589,461. The company has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $9.78. Arhaus has a twelve month low of $6.61 and a twelve month high of $19.81. The stock has a market cap of $1.23 billion, a P/E ratio of 15.58, a PEG ratio of 11.57 and a beta of 2.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. Equities research analysts predict that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Trading of Arhaus

A number of large investors have recently bought and sold shares of ARHS. Vanguard Group Inc. lifted its position in Arhaus by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock valued at $47,589,000 after acquiring an additional 50,250 shares in the last quarter. Geode Capital Management LLC lifted its stake in Arhaus by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,219,876 shares of the company’s stock valued at $11,470,000 after acquiring an additional 11,895 shares in the last quarter. Procyon Advisors LLC acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $293,000. Stifel Financial Corp increased its stake in Arhaus by 61.0% in the 4th quarter. Stifel Financial Corp now owns 75,927 shares of the company’s stock valued at $714,000 after buying an additional 28,761 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in Arhaus during the 4th quarter worth about $109,000. 27.88% of the stock is owned by 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.