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

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

A number of other brokerages also recently issued reports on ARHS. Jefferies Financial Group upped their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Friday. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Wedbush reduced their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.10.

Arhaus Price Performance

Shares of Arhaus stock opened at $10.88 on Friday. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $11.66. The firm has a market cap of $1.53 billion, a PE ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58.

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

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of ARHS. Rhumbline Advisers boosted its holdings in Arhaus by 9,035.3% in the 2nd quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock worth $1,175,000 after buying an additional 68,578 shares during the last quarter. Quest Partners LLC grew its position in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. American Century Companies Inc. grew its position in shares of Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Arhaus in the second quarter valued at approximately $21,034,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Arhaus by 67.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock valued at $1,626,000 after purchasing an additional 38,628 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.