Piper Sandler Issues Positive Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS) had its price target boosted by Piper Sandler from $14.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group increased their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday. Wedbush cut their price objective 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. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Barclays lowered their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Stifel Nicolaus reduced their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Arhaus currently 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. The stock has a market cap of $1.53 billion, a P/E ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. 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 has a 12-month low of $8.30 and a 12-month high of $19.81. The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $11.74.

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

Hedge Funds Weigh In On Arhaus

A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in shares of Arhaus by 9,035.3% in the second quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock valued at $1,175,000 after buying an additional 68,578 shares in the last quarter. Quest Partners LLC increased its holdings in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. American Century Companies Inc. raised its position in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the period. William Blair Investment Management LLC purchased a new position in Arhaus during the second quarter valued at $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 during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.