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

Arhaus (NASDAQ:ARHS) had its target price increased by Piper Sandler from $14.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently commented on ARHS. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday. Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Stock Performance

Shares of ARHS opened at $10.88 on Friday. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The firm has a market capitalization of $1.53 billion, a PE ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. The firm has a 50-day moving average price of $9.84 and a 200 day moving average price of $11.66. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced 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 firm had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

Several large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 1,859,398 shares during the period. Principal Financial Group Inc. bought a new position in Arhaus in the third quarter valued at about $814,000. Geode Capital Management LLC increased its position 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 period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Arhaus during the 3rd quarter worth about $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.