TD Cowen Cuts Arhaus (NASDAQ:ARHS) Price Target to $8.00

Arhaus (NASDAQ:ARHS) had its target price trimmed by TD Cowen from $9.00 to $8.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also weighed in on ARHS. Stifel Nicolaus dropped their price target on Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group dropped their price target on Arhaus from $9.50 to $7.25 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Piper Sandler dropped their price target on Arhaus from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday. Robert W. Baird set a $8.00 target price on Arhaus in a research report on Friday, May 8th. Finally, Morgan Stanley upped their target price on Arhaus from $10.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.58.

Arhaus Stock Down 0.5%

NASDAQ:ARHS opened at $5.87 on Monday. The firm has a market capitalization of $828.37 million, a price-to-earnings ratio of 12.49, a PEG ratio of 1.31 and a beta of 2.40. Arhaus has a 1-year low of $5.63 and a 1-year high of $12.98. The company has a current ratio of 1.25, a quick ratio of 0.62 and a debt-to-equity ratio of 0.14. The business’s fifty day moving average price is $7.06 and its 200 day moving average price is $9.14.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $314.28 million for the quarter, compared to analyst estimates of $313.97 million. Arhaus had a return on equity of 16.39% and a net margin of 4.67%.Arhaus’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, sell-side analysts forecast that Arhaus will post 0.48 earnings per share for the current fiscal year.

Arhaus Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 18th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP increased its position in Arhaus by 6.8% in the 2nd quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock worth $110,137,000 after purchasing an additional 811,337 shares during the last quarter. Vanguard Group Inc. increased its position in Arhaus by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,143,024 shares of the company’s stock worth $57,653,000 after purchasing an additional 72,346 shares during the last quarter. Bank of America Corp DE increased its position in Arhaus by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 3,213,288 shares of the company’s stock worth $27,859,000 after purchasing an additional 275,835 shares during the last quarter. Renaissance Technologies LLC increased its position in Arhaus by 10.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,754,000 shares of the company’s stock worth $19,662,000 after purchasing an additional 169,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock valued at $7,994,000 after acquiring an additional 185,208 shares during the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

About Arhaus

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.