Arhaus (NASDAQ:ARHS) Stock Price Expected to Rise, Piper Sandler Analyst Says

Key Points

• Piper Sandler raised Arhaus's price target from $9.00 to $11.00, indicating a potential downside of 8.26% from the previous close while maintaining a "neutral" rating on the stock.
• Recent assessments by multiple brokerages show a range of price targets for Arhaus, with Guggenheim lowering theirs from $14.00 to $12.00 and Morgan Stanley chopping theirs from $11.00 to $10.00.
• Arhaus reported a 25% increase in quarterly earnings per share to $0.25, exceeding expectations, alongside a revenue of $358.44 million, which was significantly above analyst estimates.

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective increased by equities researchers at Piper Sandler from $9.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's price objective suggests a potential downside of 8.26% from the stock's previous close.

Several other brokerages also recently commented on ARHS. Guggenheim lowered their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Morgan Stanley lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Loop Capital decreased their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James Financial initiated coverage on Arhaus in a research note on Monday, June 9th. They issued a "market perform" rating for the company. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.58.

Arhaus Trading Up 21.5%

Shares of Arhaus stock opened at $11.99 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15. Arhaus has a 12-month low of $6.61 and a 12-month high of $13.97. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 6.23 and a beta of 2.56. The firm's 50-day moving average price is $8.99 and its two-hundred day moving average price is $9.36.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. The company had revenue of $358.44 million for the quarter, compared to analyst estimates of $333.39 million. During the same quarter last year, the company posted $0.16 EPS. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts forecast that Arhaus will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

A number of institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. increased its stake in Arhaus by 34.9% during the 2nd quarter. Fox Run Management L.L.C. now owns 43,645 shares of the company's stock valued at $378,000 after purchasing an additional 11,301 shares in the last quarter. EFG Asset Management North America Corp. grew its holdings in Arhaus by 59.1% during the second quarter. EFG Asset Management North America Corp. now owns 328,090 shares of the company's stock worth $2,846,000 after buying an additional 121,915 shares in the last quarter. Emerald Advisers LLC raised its position in Arhaus by 3.8% in the 2nd quarter. Emerald Advisers LLC now owns 1,730,371 shares of the company's stock valued at $15,002,000 after buying an additional 63,243 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Arhaus by 2.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 136,144 shares of the company's stock valued at $1,180,000 after acquiring an additional 3,739 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Arhaus by 30.8% during the 2nd quarter. Stephens Inc. AR now owns 15,001 shares of the company's stock worth $130,000 after acquiring an additional 3,536 shares during the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

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.

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