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

Arhaus (NASDAQ:ARHS) had its price objective raised by equities research analysts at Piper Sandler from $14.00 to $15.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 34.17% from the company’s previous close.

A number of other research analysts have also issued reports on ARHS. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a report on Friday. Barclays cut their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Wedbush lowered their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Arhaus Price Performance

Arhaus stock traded up $1.72 during mid-day trading on Friday, reaching $11.18. The company had a trading volume of 2,929,109 shares, compared to its average volume of 1,510,969. The business has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $11.74. The company has a market cap of $1.57 billion, a P/E ratio of 19.96, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a fifty-two week low of $8.30 and a fifty-two week 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.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period last year, the business earned $0.14 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that Arhaus will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Arhaus by 9,035.3% during the 2nd quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock valued at $1,175,000 after purchasing an additional 68,578 shares during the last quarter. Quest Partners LLC boosted its position in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after buying an additional 7,168 shares during the last quarter. American Century Companies Inc. grew its holdings 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 buying an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Arhaus in the 2nd quarter valued at $21,034,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Arhaus by 67.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock valued at $1,626,000 after acquiring an additional 38,628 shares in the last quarter. 27.88% of the stock is 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.