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

Arhaus (NASDAQ:ARHS - Get Free Report) had its target price cut by investment analysts at Stifel Nicolaus from $11.50 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 18.98% from the company's current price.

Other research analysts have also recently issued reports about the stock. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler cut their price target on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Guggenheim lowered their price objective on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Baird R W lowered Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price target on shares of Arhaus in a research note on Friday, May 9th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Arhaus presently has a consensus rating of "Hold" and a consensus price target of $10.50.

Arhaus Price Performance

Shares of ARHS traded down $0.05 during mid-day trading on Monday, reaching $8.41. 340,001 shares of the stock traded hands, compared to its average volume of 1,603,108. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $8.38 and a 200 day moving average price of $9.76. Arhaus has a 1 year low of $6.61 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $311.37 million for the quarter, compared to the consensus estimate of $314.76 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Arhaus will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Arhaus by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock valued at $274,000 after purchasing an additional 984 shares during the period. Daymark Wealth Partners LLC lifted its stake in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock valued at $404,000 after purchasing an additional 1,000 shares during the last quarter. Rhumbline Advisers increased its holdings in Arhaus by 1.8% in the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock valued at $672,000 after purchasing an additional 1,231 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Arhaus by 24.9% in the first quarter. Arizona State Retirement System now owns 14,525 shares of the company's stock valued at $126,000 after purchasing an additional 2,899 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

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.