Arhaus (NASDAQ:ARHS) Price Target Raised to $14.00 at Telsey Advisory Group

Arhaus (NASDAQ:ARHSGet Rating) had its target price raised by Telsey Advisory Group from $12.00 to $14.00 in a report issued on Tuesday morning, Benzinga reports. Telsey Advisory Group currently has an outperform rating on the stock.

ARHS has been the topic of a number of other research reports. William Blair reissued an outperform rating on shares of Arhaus in a report on Friday, October 28th. Robert W. Baird raised their price objective on shares of Arhaus from $12.00 to $13.00 in a report on Tuesday. Barclays lowered their price target on shares of Arhaus to $13.00 in a report on Wednesday, November 16th. Finally, Morgan Stanley lifted their price target on shares of Arhaus from $9.00 to $11.00 and gave the company an equal weight rating in a report on Friday, November 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $12.17.

Arhaus Stock Performance

Shares of NASDAQ ARHS opened at $11.95 on Tuesday. The firm’s 50-day moving average price is $9.45 and its 200-day moving average price is $7.96. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.67 billion, a PE ratio of 16.83, a PEG ratio of 0.84 and a beta of 2.40. Arhaus has a 52-week low of $4.23 and a 52-week high of $12.23.

Arhaus (NASDAQ:ARHSGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $320.03 million for the quarter, compared to the consensus estimate of $293.10 million. Arhaus had a net margin of 8.82% and a return on equity of 101.46%. As a group, analysts anticipate that Arhaus will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Arhaus

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Arhaus during the second quarter valued at approximately $29,000. UBS Group AG bought a new stake in shares of Arhaus during the first quarter valued at approximately $36,000. Virtu Financial LLC bought a new stake in shares of Arhaus during the second quarter valued at approximately $45,000. PDT Partners LLC bought a new stake in shares of Arhaus during the second quarter valued at approximately $48,000. Finally, Lazard Asset Management LLC raised its position in shares of Arhaus by 65.0% during the second quarter. Lazard Asset Management LLC now owns 14,668 shares of the company’s stock valued at $66,000 after buying an additional 5,776 shares during the last quarter. Hedge funds and other institutional investors own 30.55% of the company’s stock.

Arhaus Company Profile

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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

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Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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