Gordon Haskett Begins Coverage on Arhaus (NASDAQ:ARHS)

Key Points

• Gordon Haskett has initiated coverage on Arhaus (NASDAQ:ARHS) with a "hold" rating and a price target of $12.00, indicating a potential upside of 7.33% from its current price.
• Overall, Arhaus has received mixed evaluations from analysts, with four assigning a buy rating and thirteen giving it a hold rating, resulting in an average target price of $10.92.
• In its last quarterly earnings report, Arhaus reported $0.25 EPS, exceeding expectations and showing a 15.6% revenue increase year-over-year.

Gordon Haskett initiated coverage on shares of Arhaus (NASDAQ:ARHS - Get Free Report) in a report released on Thursday, Marketbeat Ratings reports. The brokerage set a "hold" rating and a $12.00 price target on the stock. Gordon Haskett's price target would suggest a potential upside of 8.50% from the company's previous close.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Arhaus from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Raymond James Financial started coverage on shares of Arhaus in a research note on Monday, June 9th. They set a "market perform" rating on the stock. Morgan Stanley increased their price objective on shares of Arhaus from $10.00 to $12.50 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Zacks Research upgraded shares of Arhaus from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. Finally, Cowen restated a "buy" rating on shares of Arhaus in a research report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.92.

Arhaus Stock Down 2.0%

Shares of ARHS stock traded down $0.23 on Thursday, hitting $11.06. The stock had a trading volume of 2,489,519 shares, compared to its average volume of 1,696,952. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 6.30 and a beta of 2.58. The stock's 50 day moving average is $10.71 and its 200-day moving average is $9.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 1.33. Arhaus has a 52-week low of $6.61 and a 52-week high of $13.49.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. Arhaus had a net margin of 5.33% and a return on equity of 20.08%. The business had revenue of $358.44 million during the quarter, compared to the consensus estimate of $333.39 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 15.6% compared to the same quarter last year. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that Arhaus will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of Arhaus by 59.9% in the fourth quarter. Ameriprise Financial Inc. now owns 202,953 shares of the company's stock valued at $1,908,000 after purchasing an additional 76,030 shares during the period. BNP Paribas Financial Markets acquired a new position in Arhaus during the 4th quarter worth about $58,000. Cetera Investment Advisers bought a new position in shares of Arhaus in the 4th quarter valued at about $99,000. Janus Henderson Group PLC boosted its stake in shares of Arhaus by 7.2% in the 4th quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock valued at $446,000 after purchasing an additional 3,185 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Arhaus by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock worth $274,000 after acquiring an additional 984 shares during the last quarter. Institutional investors and hedge funds 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.