Stifel Nicolaus Issues Positive Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Key Points

• Arhaus has had its price target raised from $10.00 to $14.00 by Stifel Nicolaus, indicating a potential upside of 13.18% from the company's previous close.
• The stock currently holds an average rating of "Hold" from analysts, with twelve rating it as such and four assigning a buy rating.
• In its latest quarterly earnings, Arhaus reported earnings per share of $0.25, surpassing estimates by $0.10, with a year-over-year revenue increase of 15.6%.

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective upped by research analysts at Stifel Nicolaus from $10.00 to $14.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 9.37% from the stock's current price.

ARHS has been the subject of several other research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $10.00 target price on shares of Arhaus in a research note on Monday, August 4th. Cowen reissued a "buy" rating on shares of Arhaus in a research note on Friday, August 8th. Wall Street Zen raised shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler reissued a "neutral" rating and issued a $11.00 price target (up previously from $9.00) on shares of Arhaus in a research note on Friday, August 8th. Finally, Morgan Stanley boosted their price target on shares of Arhaus from $10.00 to $12.50 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.83.

Arhaus Stock Up 3.5%

Shares of Arhaus stock traded up $0.43 during trading hours on Friday, reaching $12.80. The company's stock had a trading volume of 3,289,036 shares, compared to its average volume of 2,389,063. Arhaus has a one year low of $6.61 and a one year high of $13.97. The company has a market capitalization of $1.80 billion, a P/E ratio of 25.60, a P/E/G ratio of 7.29 and a beta of 2.56. The stock's fifty day simple moving average is $9.39 and its two-hundred day simple moving average is $9.31. 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 (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. Arhaus had a net margin of 5.33% and a return on equity of 20.08%. The company had revenue of $358.44 million for the quarter, compared to analyst estimates of $333.39 million. During the same period last year, the firm earned $0.16 earnings per share. The firm's revenue was up 15.6% on a year-over-year basis. On average, research analysts forecast that Arhaus will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in Arhaus by 6.8% during the 2nd quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company's stock valued at $110,137,000 after buying an additional 811,337 shares during the last quarter. Bank of America Corp DE raised its holdings in Arhaus by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 3,213,288 shares of the company's stock valued at $27,859,000 after buying an additional 275,835 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Arhaus by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,548,946 shares of the company's stock valued at $22,099,000 after buying an additional 97,149 shares during the last quarter. CenterBook Partners LP raised its holdings in Arhaus by 145.8% during the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after buying an additional 1,122,004 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in Arhaus by 3.8% in the 2nd 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 in the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.