Arhaus (NASDAQ:ARHS) Price Target Lowered to $14.00 at Craig Hallum

Arhaus (NASDAQ:ARHS) had its price target decreased by Craig Hallum from $21.00 to $14.00 in a report published on Friday, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on ARHS. Robert W. Baird decreased their price objective on shares of Arhaus from $18.00 to $14.00 and set an outperform rating for the company in a report on Friday. Barclays cut their target price on shares of Arhaus from $17.00 to $15.00 and set an overweight rating for the company in a research report on Friday. Stifel Nicolaus assumed coverage on Arhaus in a report on Tuesday, July 9th. They set a buy rating and a $19.50 price target on the stock. TD Cowen lifted their price objective on Arhaus from $18.00 to $19.00 and gave the stock a buy rating in a report on Monday, May 20th. Finally, Telsey Advisory Group reiterated an outperform rating and set a $18.00 price objective on shares of Arhaus in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $15.00.

Arhaus Stock Performance

Shares of ARHS opened at $11.72 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.13 and a beta of 2.57. The business’s fifty day simple moving average is $16.35 and its two-hundred day simple moving average is $15.11. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. During the same period in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts anticipate that Arhaus will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the transaction, the insider now owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,960 shares of company stock valued at $2,978,281. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Several large investors have recently made changes to their positions in ARHS. Vanguard Group Inc. grew its position in shares of Arhaus by 61.1% during the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after purchasing an additional 1,159,856 shares in the last quarter. Sapient Capital LLC purchased a new position in Arhaus in the 4th quarter worth approximately $118,000. Voss Capital LLC boosted its stake in Arhaus by 23.0% in the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock worth $7,288,000 after purchasing an additional 115,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after buying an additional 3,635 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Arhaus during the fourth quarter valued at approximately $198,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

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.