Arhaus (NASDAQ:ARHS) Given New $12.50 Price Target at Morgan Stanley

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 - Get Free Report) had its target price boosted by analysts at Morgan Stanley from $10.00 to $12.50 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 10.38% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus dropped their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Guggenheim lowered their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 9th. Cowen reissued a "buy" rating on shares of Arhaus in a report on Friday. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 price target on shares of Arhaus in a report on Monday. Finally, Loop Capital lowered their price target on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday, May 9th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.77.

Arhaus Stock Performance

NASDAQ:ARHS traded down $0.67 during mid-day trading on Friday, hitting $11.33. 1,973,822 shares of the stock were exchanged, compared to its average volume of 1,936,912. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 6.23 and a beta of 2.56. The firm's 50-day simple moving average is $8.99 and its 200 day simple moving average is $9.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 1.26. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $13.97.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $358.44 million during the quarter, compared to analysts' expectations of $333.39 million. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. The company's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities analysts anticipate that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in ARHS. Geode Capital Management LLC boosted its holdings in Arhaus by 0.3% in the second quarter. Geode Capital Management LLC now owns 1,254,147 shares of the company's stock worth $10,875,000 after acquiring an additional 3,146 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Arhaus by 34.9% during the second quarter. Fox Run Management L.L.C. now owns 43,645 shares of the company's stock worth $378,000 after purchasing an additional 11,301 shares during the period. EFG Asset Management North America Corp. raised its position in shares of Arhaus by 59.1% during the second quarter. EFG Asset Management North America Corp. now owns 328,090 shares of the company's stock worth $2,846,000 after purchasing an additional 121,915 shares during the period. Emerald Advisers LLC raised its position in shares of Arhaus by 3.8% during the second quarter. Emerald Advisers LLC now owns 1,730,371 shares of the company's stock worth $15,002,000 after purchasing an additional 63,243 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Arhaus by 2.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 136,144 shares of the company's stock worth $1,180,000 after purchasing an additional 3,739 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.