Piper Sandler Downgrades Arhaus (NASDAQ:ARHS) to Neutral

Arhaus (NASDAQ:ARHS) was downgraded by equities researchers at Piper Sandler from an “overweight” rating to a “neutral” rating in a report released on Thursday, MarketBeat reports. They currently have a $12.00 price target on the stock, down from their prior price target of $15.00. Piper Sandler’s price target would indicate a potential upside of 26.05% from the company’s previous close.

Several other equities analysts have also commented on ARHS. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday. 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. Barclays lowered their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Loop Capital initiated coverage on Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Arhaus currently has a consensus rating of “Hold” and a consensus price target of $11.82.

Arhaus Stock Performance

Shares of Arhaus stock opened at $9.52 on Thursday. 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 firm has a market capitalization of $1.34 billion, a P/E ratio of 17.00, a P/E/G ratio of 11.57 and a beta of 2.63. The business has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $10.87. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81.

Institutional Investors Weigh In On Arhaus

Several large investors have recently bought and sold shares of ARHS. Harbor Capital Advisors Inc. increased its holdings in Arhaus by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock worth $4,675,000 after buying an additional 226,017 shares in the last quarter. Emerald Advisers LLC increased its holdings in Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares in the last quarter. Olympiad Research LP bought a new stake in Arhaus in the 3rd quarter worth about $202,000. Principal Financial Group Inc. bought a new stake in Arhaus in the 3rd quarter worth about $814,000. Finally, Privium Fund Management B.V. grew its stake in shares of Arhaus by 34.7% during the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock valued at $268,000 after purchasing an additional 5,600 shares during the period. 27.88% of the stock is currently owned by 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.