In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Arhaus (ARHS – Research Report), with a price target of $12.00. The company’s shares opened today at $12.58.
Gutman covers the Consumer Goods sector, focusing on stocks such as O’Reilly Auto, AutoZone, and Dick’s Sporting Goods. According to TipRanks, Gutman has an average return of 1.2% and a 58.38% success rate on recommended stocks.
Currently, the analyst consensus on Arhaus is a Strong Buy with an average price target of $13.60.
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Based on Arhaus’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $320.03 million and a net profit of $36.94 million. In comparison, last year the company earned a revenue of $203.33 million and had a net profit of $6 million
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Arhaus Inc is a lifestyle brand and omni-channel retailer of home furnishings. The company offers direct-to-consumer approach to furniture and decor, through which it sell artisan-quality products.
Read More on ARHS:
- Arhaus to Report Fourth Quarter and Full Year 2022 Financial Results on March 9, 2023
- Arhaus price target raised to $14 from $13 at Barclays
- Arhaus price target raised to $16.50 from $12 at BofA
- Arhaus price target raised to $13 from $12 at Baird
- Arhaus raises FY22 revenue view to $1.223B-$1.228B from $1.173B-$1.193B
