Piper Sandler Downgrades Arhaus (NASDAQ:ARHS) to Neutral

Arhaus (NASDAQ:ARHS) was downgraded by analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued on Thursday,Briefing.com Automated Import reports. They presently have a $12.00 price target on the stock, down from their previous price target of $15.00. Piper Sandler’s price target suggests a potential upside of 9.59% from the stock’s previous close.

Several other equities analysts have also weighed in on ARHS. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.91.

Arhaus Trading Down 8.1 %

NASDAQ ARHS opened at $10.95 on Thursday. The company has a market capitalization of $1.54 billion, a PE ratio of 19.55, a P/E/G ratio of 11.57 and a beta of 2.63. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The company has a fifty day moving average of $11.19 and a 200 day moving average of $10.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARHS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Arhaus by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock valued at $274,000 after buying an additional 984 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in Arhaus by 2.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after acquiring an additional 1,000 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Arhaus by 1.8% during the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after purchasing an additional 1,231 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Arhaus by 4.3% in the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock valued at $352,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

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.