Arhaus (NASDAQ:ARHS) Upgraded to Hold at Wall Street Zen

Arhaus (NASDAQ:ARHS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other equities research analysts have also commented on ARHS. Stifel Nicolaus dropped their price objective on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Raymond James Financial began coverage on shares of Arhaus in a research note on Monday, June 9th. They set a "market perform" rating on the stock. Robert W. Baird lowered shares of Arhaus from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Loop Capital dropped their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, Morgan Stanley dropped their target price on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.50.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $9.21 on Friday. Arhaus has a 1 year low of $6.61 and a 1 year high of $17.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.26 and a quick ratio of 0.57. The company's 50-day moving average is $8.70 and its 200 day moving average is $9.48. The stock has a market capitalization of $1.30 billion, a P/E ratio of 22.46, a P/E/G ratio of 5.92 and a beta of 2.56.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (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 for the quarter, compared to analysts' expectations of $314.76 million. During the same quarter in the prior year, the firm earned $0.11 EPS. Arhaus's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Arhaus will post 0.46 earnings per share for the current year.

Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently modified their holdings of ARHS. Charles Schwab Investment Management Inc. boosted its position in shares of Arhaus by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,299 shares of the company's stock worth $4,129,000 after acquiring an additional 12,724 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Arhaus by 27.8% during the fourth quarter. Victory Capital Management Inc. now owns 33,103 shares of the company's stock worth $311,000 after acquiring an additional 7,210 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Arhaus during the fourth quarter worth $530,000. AlphaQuest LLC boosted its position in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after acquiring an additional 5,786 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Arhaus by 944.2% during the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after acquiring an additional 1,017,316 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other 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.

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