Arhaus (NASDAQ:ARHS) Price Target Cut to $10.00 by Analysts at Piper Sandler

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective lowered by Piper Sandler from $12.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's target price suggests a potential upside of 22.70% from the stock's current price.

ARHS has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a research report on Monday, March 3rd. 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 research report on Friday, January 10th. Loop Capital initiated coverage on shares of Arhaus in a research report on Friday, January 24th. They set a "hold" rating and a $12.00 price target for the company. Robert W. Baird cut Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Arhaus has an average rating of "Hold" and an average price target of $10.91.

Arhaus Stock Performance

ARHS traded down $0.07 during trading on Monday, reaching $8.15. The company's stock had a trading volume of 323,785 shares, compared to its average volume of 1,575,118. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64. The company's fifty day moving average price is $8.57 and its 200-day moving average price is $9.81. Arhaus has a 52-week low of $6.61 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently modified their holdings of the company. Emerald Advisers LLC raised its holdings in Arhaus by 2.4% in the 1st quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company's stock valued at $14,504,000 after acquiring an additional 38,674 shares during the last quarter. New York State Common Retirement Fund increased its stake in Arhaus by 69.8% in the first quarter. New York State Common Retirement Fund now owns 103,606 shares of the company's stock valued at $901,000 after purchasing an additional 42,601 shares during the last quarter. Arizona State Retirement System lifted its position in Arhaus by 24.9% during the first quarter. Arizona State Retirement System now owns 14,525 shares of the company's stock worth $126,000 after buying an additional 2,899 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in Arhaus by 3.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 934,333 shares of the company's stock worth $8,129,000 after buying an additional 30,649 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Arhaus by 34.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,151 shares of the company's stock valued at $671,000 after buying an additional 19,842 shares during the period. 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.

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