Arhaus (NASDAQ:ARHS) Price Target Cut to $8.00 by Analysts at Piper Sandler

Arhaus (NASDAQ:ARHS) had its price objective reduced by Piper Sandler from $11.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 22.89% from the stock’s current price.

Several other equities research analysts have also commented on the company. TD Cowen cut their target price on Arhaus from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Stifel Nicolaus set a $12.00 target price on Arhaus in a research report on Monday, March 2nd. Robert W. Baird set a $8.00 target price on Arhaus in a research report on Friday. Telsey Advisory Group set a $8.00 target price on Arhaus and gave the company a “market perform” rating in a research report on Friday. Finally, Jefferies Financial Group cut their target price on Arhaus from $9.50 to $7.25 and set a “hold” rating on the stock in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.81.

Arhaus Price Performance

Shares of Arhaus stock opened at $6.51 on Monday. Arhaus has a one year low of $6.17 and a one year high of $12.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.37 and a quick ratio of 0.62. The stock’s 50-day moving average is $7.25 and its 200 day moving average is $9.26. The firm has a market cap of $918.69 million, a price-to-earnings ratio of 13.85, a PEG ratio of 1.37 and a beta of 2.40.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Arhaus had a return on equity of 16.09% and a net margin of 4.67%.The company had revenue of $314.28 million for the quarter, compared to analyst estimates of $313.97 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts anticipate that Arhaus will post 0.5 EPS for the current year.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of Arhaus during the third quarter valued at approximately $28,000. Larson Financial Group LLC increased its position in Arhaus by 89.8% in the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock worth $30,000 after buying an additional 1,315 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Arhaus in the third quarter worth $30,000. Global Retirement Partners LLC purchased a new stake in Arhaus in the fourth quarter worth $39,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in Arhaus in the third quarter worth $49,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Company Profile

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.