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

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective hoisted by Piper Sandler from $14.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's target price suggests a potential upside of 37.87% from the company's previous close.

A number of other analysts have also commented on the company. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Craig Hallum lowered shares of Arhaus from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $11.00 price objective on shares of Arhaus in a research report on Friday. Finally, Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.10.

Arhaus Stock Up 15.0 %

NASDAQ:ARHS traded up $1.42 during trading hours on Friday, hitting $10.88. 4,981,063 shares of the company traded hands, compared to its average volume of 1,897,820. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.53 billion, a PE ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. The firm's 50-day simple moving average is $9.79 and its 200-day simple moving average is $11.74.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly 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 analysts' expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities analysts predict that Arhaus will post 0.42 earnings per share for the current year.

Institutional Trading of Arhaus

A number of institutional investors have recently added to or reduced their stakes in ARHS. Amalgamated Bank purchased a new position in Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus in the third quarter worth $43,000. Quest Partners LLC raised its position in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after buying an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new position in Arhaus during the third quarter worth about $131,000. Finally, Olympiad Research LP purchased a new position in Arhaus during the third quarter worth about $202,000. Hedge funds and other 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.