Arhaus (NASDAQ:ARHS) Stock Rating Lowered by Craig Hallum

Arhaus (NASDAQ:ARHS) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $10.00 price target on the stock, down from their previous price target of $14.00. Craig Hallum’s price objective would suggest a potential upside of 3.95% from the company’s current price.

Several other brokerages have also weighed in on ARHS. Wedbush assumed coverage on Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price on the stock. Barclays decreased their price target on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Bank of America decreased their price target on Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price target on shares of Arhaus in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.73.

Arhaus Stock Performance

Shares of ARHS stock opened at $9.62 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The stock’s 50-day moving average is $11.80 and its two-hundred day moving average is $14.54. The firm has a market cap of $1.35 billion, a P/E ratio of 12.66, a PEG ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same period in the prior year, the firm posted $0.29 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. Analysts predict that Arhaus will post 0.48 earnings per share for the current fiscal year.

Insider Activity at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arhaus

Several large investors have recently added to or reduced their stakes in ARHS. Wasatch Advisors LP raised its holdings in Arhaus by 147.1% in the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after acquiring an additional 5,233,776 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Arhaus by 120.6% in 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 in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Arhaus in the 2nd quarter worth approximately $21,034,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Arhaus in the 1st quarter worth approximately $8,326,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Arhaus in the 1st quarter worth approximately $8,301,000. Institutional investors and hedge funds 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.