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

Arhaus (NASDAQ:ARHS) had its price objective increased by Piper Sandler from $14.00 to $15.00 in a research note published on Friday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a report on Friday. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group lifted their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Trading Up 15.0 %

ARHS opened at $10.88 on Friday. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. The stock’s 50 day moving average price is $9.79 and its 200-day moving average price is $11.74.

Arhaus (NASDAQ:ARHS) last released its 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 business 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 for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. On average, equities analysts forecast that Arhaus will post 0.42 EPS for the current year.

Institutional Trading of Arhaus

Hedge funds have recently modified their holdings of the company. Carnegie Investment Counsel grew its position in shares of Arhaus by 176.8% in the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock worth $3,628,000 after buying an additional 188,240 shares during the last quarter. Geode Capital Management LLC grew its holdings in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after purchasing an additional 134,312 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Arhaus during the third quarter worth $4,308,000. Sei Investments Co. lifted its holdings in shares of Arhaus by 25.6% during the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after purchasing an additional 98,240 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Arhaus in the 3rd quarter worth $814,000. 27.88% of the stock is owned by hedge funds and other 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.