Arhaus (NASDAQ:ARHS) Coverage Initiated by Analysts at Raymond James

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

A number of other research firms have also commented 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 report on Monday, April 7th. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Guggenheim cut their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a research note on Thursday, May 15th. Finally, Morgan Stanley lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.50.

Arhaus Stock Down 0.9%

Arhaus stock traded down $0.08 during midday trading on Monday, hitting $8.70. 902,447 shares of the company were exchanged, compared to its average volume of 1,632,039. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $19.80. The company's fifty day moving average price is $8.27 and its 200-day moving average price is $9.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a market cap of $1.23 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share 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 the consensus estimate of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. On average, research analysts predict that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently made changes to their positions in ARHS. BNP Paribas Financial Markets acquired a new stake in Arhaus in the 4th quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new position in Arhaus during the fourth quarter worth about $69,000. AlphaQuest LLC boosted its position in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after buying an additional 5,786 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Arhaus in the fourth quarter valued at about $99,000. Finally, Stephens Inc. AR bought a new stake in Arhaus in the fourth quarter valued at approximately $109,000. Hedge funds and other 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.