Piper Sandler Boosts Arhaus (NASDAQ:ARHS) Price Target to $15.00

Arhaus (NASDAQ:ARHS) had its price target raised by stock analysts at Piper Sandler from $14.00 to $15.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 37.87% from the company’s previous close.

Several other brokerages also recently commented on ARHS. Wedbush cut their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus dropped their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday. Finally, Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.10.

Arhaus Trading Up 15.0 %

NASDAQ 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 firm has a market capitalization of $1.53 billion, a P/E ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. The business has a fifty day simple moving average of $9.84 and a 200 day simple moving average of $11.66. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. On average, analysts predict that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in shares of Arhaus by 9,035.3% in the second quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock worth $1,175,000 after purchasing an additional 68,578 shares during the last quarter. Quest Partners LLC increased its position in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after acquiring an additional 7,168 shares during the last quarter. American Century Companies Inc. increased its position in Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Arhaus in the second quarter worth about $21,034,000. Finally, Oppenheimer Asset Management Inc. increased its position in Arhaus by 67.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock worth $1,626,000 after buying an additional 38,628 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

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.