Arhaus (NASDAQ:ARHS) Cut to Neutral at Piper Sandler

Piper Sandler downgraded shares of Arhaus (NASDAQ:ARHS) from an overweight rating to a neutral rating in a research report report published on Thursday morning, MarketBeat Ratings reports. Piper Sandler currently has $12.00 target price on the stock, down from their prior target price of $15.00.

A number of other equities analysts have also weighed in on ARHS. Stifel Nicolaus boosted their price objective on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 target price on the stock. Finally, Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Arhaus has an average rating of “Hold” and an average target price of $11.82.

Arhaus Price Performance

ARHS stock opened at $9.52 on Thursday. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 11.57 and a beta of 2.63. The firm has a 50 day moving average price of $11.19 and a 200-day moving average price of $10.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Hedge Funds Weigh In On Arhaus

Several hedge funds have recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY bought a new position in Arhaus during the 4th quarter valued at about $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Arhaus by 30.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock valued at $675,000 after purchasing an additional 16,620 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Arhaus by 28.2% during the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock valued at $146,000 after purchasing an additional 3,410 shares during the last quarter. ProShare Advisors LLC bought a new position in Arhaus during the 4th quarter valued at about $136,000. Finally, Meros Investment Management LP grew its holdings in Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock valued at $5,458,000 after purchasing an additional 81,353 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

About Arhaus

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.