Jefferies Financial Group Forecasts Strong Price Appreciation for Arhaus (NASDAQ:ARHS) Stock

Arhaus (NASDAQ:ARHS) had its price objective boosted by Jefferies Financial Group from $9.50 to $10.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other research firms have also recently commented on ARHS. Stifel Nicolaus lowered their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays lowered their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Stock Performance

Shares of ARHS opened at $10.88 on Friday. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The stock has a market cap of $1.53 billion, a P/E ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. 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 company has a 50-day moving average of $9.79 and a two-hundred day moving average of $11.74.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. As a group, research analysts predict that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares during the period. Amalgamated Bank purchased a new stake in shares of Arhaus during the second quarter valued at approximately $30,000. Soros Capital Management LLC raised its stake in shares of Arhaus by 18.2% during the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock valued at $269,000 after purchasing an additional 3,358 shares during the period. Janus Henderson Group PLC lifted its position in shares of Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Arhaus during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.