Fintel reports that on January 24, 2025, Loop Capital initiated coverage of Arhaus (NasdaqGS:ARHS) with a Hold recommendation.
Analyst Price Forecast Suggests 4.18% Downside
As of December 23, 2024, the average one-year price target for Arhaus is $11.81/share. The forecasts range from a low of $8.58 to a high of $14.70. The average price target represents a decrease of 4.18% from its latest reported closing price of $12.33 / share.
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The projected annual revenue for Arhaus is 1,575MM, an increase of 24.20%. The projected annual non-GAAP EPS is 1.09.
What is the Fund Sentiment?
There are 347 funds or institutions reporting positions in Arhaus. This is an increase of 44 owner(s) or 14.52% in the last quarter. Average portfolio weight of all funds dedicated to ARHS is 0.12%, an increase of 48.20%. Total shares owned by institutions increased in the last three months by 6.05% to 75,261K shares. 
The put/call ratio of ARHS is 0.31, indicating a bullish outlook.
What are Other Shareholders Doing?
Wasatch Advisors holds 12,060K shares representing 22.58% ownership of the company. In its prior filing, the firm reported owning 9,524K shares , representing an increase of 21.03%. The firm decreased its portfolio allocation in ARHS by 15.68% over the last quarter.
Capital Research Global Investors holds 5,316K shares representing 9.95% ownership of the company. In its prior filing, the firm reported owning 5,065K shares , representing an increase of 4.73%. The firm decreased its portfolio allocation in ARHS by 27.75% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 4,914K shares representing 9.20% ownership of the company. In its prior filing, the firm reported owning 4,369K shares , representing an increase of 11.09%. The firm decreased its portfolio allocation in ARHS by 23.35% over the last quarter.
WGROX - Wasatch Core Growth Fund Investor Class shares holds 4,369K shares representing 8.18% ownership of the company. In its prior filing, the firm reported owning 3,561K shares , representing an increase of 18.48%. The firm decreased its portfolio allocation in ARHS by 19.72% over the last quarter.
Invesco holds 1,982K shares representing 3.71% ownership of the company. In its prior filing, the firm reported owning 1,570K shares , representing an increase of 20.77%. The firm decreased its portfolio allocation in ARHS by 92.80% over the last quarter.
Arhaus Background Information
(This description is provided by the company.)
Arhaus, Inc. provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor furniture product that includes bedroom, dining room, living room, home office furnishings, textile products consist of handcrafted indoor and outdoor rugs, bed linens, and pillows and throws décor products include wall art, mirrors, vases, candles, and other decorative accessories and outdoor products comprise outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits. The company distributes its products through an omni-channel model comprising showrooms, e-commerce platform, catalog, and in-home designer services. The company was founded in 1986 and is headquartered in Boston Heights, Ohio.
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