Arhaus (NASDAQ:ARHS) Given Market Perform Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group restated a "market perform" rating for Arhaus (NASDAQ:ARHS) and set a price objective of $10.00, indicating a potential upside of 15.21% from its current stock price.
• Arhaus recently reported quarterly earnings of $0.03 per share, missing expectations of $0.06, while revenues of $311.37 million also fell short of the anticipated $314.76 million.
• Currently, twelve analysts have rated the stock as a hold, while four have assigned it a buy rating, resulting in an average target price of $10.50.

Arhaus (NASDAQ:ARHS - Get Free Report)'s stock had its "market perform" rating restated by research analysts at Telsey Advisory Group in a report issued on Monday,Benzinga reports. They currently have a $10.00 price objective on the stock. Telsey Advisory Group's price objective points to a potential upside of 15.21% from the stock's current price.

Other research analysts have also issued research reports about the company. Raymond James Financial started coverage on Arhaus in a research report on Monday, June 9th. They set a "market perform" rating on the stock. Wall Street Zen upgraded Arhaus from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Robert W. Baird lowered Arhaus from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Morgan Stanley reduced their price target on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, Guggenheim reduced their price objective on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.50.

Arhaus Stock Down 0.9%

NASDAQ:ARHS opened at $8.68 on Monday. Arhaus has a 1-year low of $6.61 and a 1-year high of $14.51. The company has a 50-day moving average of $8.88 and a 200 day moving average of $9.37. The firm has a market cap of $1.22 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 5.46 and a beta of 2.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.26 and a quick ratio of 0.57.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The company had revenue of $311.37 million during the quarter, compared to analysts' expectations of $314.76 million. During the same period in the previous year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its position in Arhaus by 2.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 136,144 shares of the company's stock valued at $1,180,000 after purchasing an additional 3,739 shares during the period. Stephens Inc. AR grew its stake in Arhaus by 30.8% in the second quarter. Stephens Inc. AR now owns 15,001 shares of the company's stock valued at $130,000 after purchasing an additional 3,536 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Arhaus by 80.8% in the second quarter. KLP Kapitalforvaltning AS now owns 13,200 shares of the company's stock worth $114,000 after buying an additional 5,900 shares during the last quarter. XML Financial LLC acquired a new position in shares of Arhaus during the 2nd quarter worth about $156,000. Finally, Signaturefd LLC lifted its position in shares of Arhaus by 6.2% during the 2nd quarter. Signaturefd LLC now owns 1,194,533 shares of the company's stock worth $10,357,000 after purchasing an additional 69,434 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

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.

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