Arhaus (NASDAQ:ARHS) Now Covered by Raymond James

Raymond James assumed coverage on shares of Arhaus (NASDAQ:ARHS) in a report published on Monday morning, MarketBeat reports. The firm issued a market perform rating on the stock.

Several other brokerages have also issued reports on ARHS. Robert W. Baird lowered Arhaus from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Arhaus in a report on Thursday, May 15th. Loop Capital cut their target price on Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Stifel Nicolaus reduced their price target on shares of Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Arhaus from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Arhaus presently has an average rating of “Hold” and a consensus price target of $10.50.

Arhaus Stock Up 0.8%

ARHS stock opened at $8.83 on Monday. The company’s 50 day moving average is $8.22 and its 200 day moving average is $9.69. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a 1-year low of $6.61 and a 1-year high of $19.80.

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

Institutional Investors Weigh In On Arhaus

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the period. Stifel Financial Corp raised its position in Arhaus by 61.0% during the 4th quarter. Stifel Financial Corp now owns 75,927 shares of the company’s stock valued at $714,000 after purchasing an additional 28,761 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arhaus by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,362 shares of the company’s stock valued at $7,937,000 after purchasing an additional 20,457 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Arhaus in the 4th quarter worth approximately $136,000. Finally, Geode Capital Management LLC grew its position in shares of Arhaus by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,219,876 shares of the company’s stock worth $11,470,000 after buying an additional 11,895 shares during the last quarter. 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.