Jefferies raised the firm’s price target on Arhaus (ARHS) to $10 from $9.50 and keeps a Hold rating on the shares after the company’s Q4 guidance was raised. The firm sees no reference to gross margin in the release, which “could ‘dampen the party’ if the market (eventually) learns that incremental promotionality beyond consensus expectations was required to spur this demand,” says the analyst, who adds that CFO resignation loses an “asset” for the company.
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Read More on ARHS:
- Shares of Arhaus spike over 10% after raising revenue view, management changes
- Shares of Arhaus spike over 10% after raising revenue view, managemnt changes
- Arhaus sees Q4 comparable growth down 6%-7%
- Arhaus CFO Resignation and Revenue Guidance Update
- Arhaus CFO Phillipson resigns, Christian Sedo appointed Chief Accounting Officer