Arhaus (NASDAQ:ARHS) Price Target Raised to $12.50

Key Points

• Morgan Stanley has increased Arhaus's price target from $10.00 to $12.50, indicating a potential upside of 10.38% from the current stock price.
• Despite the upgrade, analysts remain mixed on Arhaus, with 12 holding a "hold" rating and 5 giving a "buy" rating, while the consensus price target stands at $10.77.
• Arhaus reported a quarterly earnings per share of $0.25, exceeding estimates, with revenue growth of 15.6% year-over-year, reaching $358.44 million.

Arhaus (NASDAQ:ARHS - Free Report) had its price target hoisted by Morgan Stanley from $10.00 to $12.50 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also commented on ARHS. Cowen reissued a "buy" rating on shares of Arhaus in a research note on Friday. Piper Sandler reissued a "neutral" rating and issued a $11.00 price objective (up previously from $9.00) on shares of Arhaus in a research note on Friday, August 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a research note on Monday, August 4th. Raymond James Financial started coverage on Arhaus in a research note on Monday, June 9th. They issued a "market perform" rating on the stock. Finally, Stifel Nicolaus reduced their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arhaus presently has a consensus rating of "Hold" and a consensus price target of $10.50.

Arhaus Price Performance

Shares of ARHS traded up $0.33 on Friday, hitting $12.46. The company's stock had a trading volume of 296,538 shares, compared to its average volume of 1,952,885. The company has a market capitalization of $1.76 billion, a PE ratio of 24.83, a PEG ratio of 6.42 and a beta of 2.56. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $13.97. The company has a 50 day moving average price of $9.16 and a 200 day moving average price of $9.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 0.61.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. The firm had revenue of $358.44 million during the quarter, compared to the consensus estimate of $333.39 million. Arhaus had a return on equity of 20.08% and a net margin of 5.33%. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. On average, research analysts anticipate that Arhaus will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ARHS. Bank of America Corp DE lifted its stake in shares of Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock valued at $23,480,000 after purchasing an additional 2,672,239 shares during the period. Barclays PLC lifted its stake in shares of Arhaus by 108.6% in the 4th quarter. Barclays PLC now owns 110,447 shares of the company's stock valued at $1,038,000 after purchasing an additional 1,391,342 shares during the period. Long Focus Capital Management LLC acquired a new position in shares of Arhaus in the 4th quarter valued at $10,575,000. CenterBook Partners LP lifted its stake in shares of Arhaus by 145.8% in the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after purchasing an additional 1,122,004 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Arhaus by 808.3% in the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock valued at $8,457,000 after purchasing an additional 1,026,710 shares during the period. 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.