Arhaus (NASDAQ:ARHS) Stock Rating Lowered by Piper Sandler

Arhaus (NASDAQ:ARHS - Get Free Report) was downgraded by equities researchers at Piper Sandler from an "overweight" rating to a "neutral" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $12.00 price objective on the stock, down from their prior price objective of $15.00. Piper Sandler's target price would indicate a potential upside of 33.78% from the stock's previous close.

Several other analysts also recently commented on ARHS. Telsey Advisory Group reiterated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Barclays dropped their price objective on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Bank of America lowered Arhaus from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $11.59.

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Arhaus Stock Down 5.8 %

Shares of NASDAQ ARHS traded down $0.55 during midday trading on Thursday, hitting $8.97. The stock had a trading volume of 4,858,796 shares, compared to its average volume of 1,988,639. The business's 50 day moving average is $11.19 and its 200-day moving average is $10.84. Arhaus has a 52 week low of $8.30 and a 52 week 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 $1.26 billion, a P/E ratio of 16.02, a PEG ratio of 11.57 and a beta of 2.63.

Institutional Trading of Arhaus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company's stock worth $148,455,000 after acquiring an additional 2,536,075 shares during the last quarter. Vanguard Group Inc. lifted its position in Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock valued at $47,589,000 after purchasing an additional 50,250 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Arhaus by 32.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock valued at $24,348,000 after purchasing an additional 627,952 shares during the period. Bank of America Corp DE increased its position in Arhaus by 1,532.9% in the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after buying an additional 2,672,239 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in Arhaus by 18.7% in the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company's stock worth $15,307,000 after buying an additional 256,887 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other 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.