Arhaus (ARHS) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Simeon Gutman maintained a Hold rating on Arhaus (ARHSResearch Report) today and set a price target of $8.00. The company’s shares closed last Thursday at $6.19, close to its 52-week low of $5.83.

According to TipRanks.com, Gutman is a 1-star analyst with an average return of -1.1% and a 56.3% success rate. Gutman covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Grocery Outlet Holding, and Albertsons Companies.

Currently, the analyst consensus on Arhaus is a Strong Buy with an average price target of $12.50.

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Based on Arhaus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $238 million and GAAP net loss of $9.46 million. In comparison, last year the company earned revenue of $121 million and had a net profit of $783K.

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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.

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