Arhaus (NASDAQ:ARHS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Arhaus (NASDAQ:ARHS) had its price target upped by 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 objective suggests a potential upside of 34.17% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wedbush cut their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday. Stifel Nicolaus lowered their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Barclays reduced their target price 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Arhaus Stock Performance

Shares of ARHS traded up $1.72 during mid-day trading on Friday, reaching $11.18. The company’s stock had a trading volume of 2,929,109 shares, compared to its average volume of 1,510,969. 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 1-year low of $8.30 and a 1-year high of $19.81. The business has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $11.74. The stock has a market cap of $1.57 billion, a P/E ratio of 19.96, a PEG ratio of 14.78 and a beta of 2.58.

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

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock valued at $5,051,000 after buying an additional 157,515 shares in the last quarter. JPMorgan Chase & Co. raised its position in Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Arhaus during the third quarter worth $814,000. Geode Capital Management LLC boosted its holdings in shares of Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Arhaus in the 3rd quarter valued at $236,000. Institutional investors 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.