Arhaus' (ARHS) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Arhaus (NASDAQ:ARHS - Free Report) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $20.00 target price on the stock, up from their previous target price of $19.00.

Several other equities research analysts have also weighed in on ARHS. Bank of America upped their price objective on Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research note on Wednesday, March 20th. Telsey Advisory Group reiterated an outperform rating and issued a $17.00 price objective on shares of Arhaus in a research note on Thursday. Finally, Robert W. Baird upped their price objective on Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $16.25.

Arhaus Stock Performance

Arhaus stock traded up $0.82 during trading hours on Friday, hitting $16.32. The stock had a trading volume of 1,630,134 shares, compared to its average volume of 1,125,938. The company has a 50-day moving average of $14.55 and a two-hundred day moving average of $12.02. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.29 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.30 and a beta of 2.48. Arhaus has a fifty-two week low of $6.75 and a fifty-two week high of $16.60.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The firm had revenue of $295.16 million during the quarter, compared to analysts' expectations of $263.23 million. On average, equities research analysts anticipate that Arhaus will post 0.75 EPS for the current fiscal year.

Arhaus Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

Institutional Investors Weigh In On Arhaus

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Arhaus by 11.8% in the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company's stock valued at $67,518,000 after buying an additional 463,749 shares during the last quarter. Entropy Technologies LP bought a new position in Arhaus in the 1st quarter valued at $250,000. Russell Investments Group Ltd. boosted its position in Arhaus by 142.4% in the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company's stock valued at $4,794,000 after buying an additional 182,979 shares during the last quarter. Sei Investments Co. boosted its position in Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company's stock valued at $5,896,000 after buying an additional 252,192 shares during the last quarter. Finally, Swiss National Bank boosted its position in Arhaus by 16.1% in the 1st quarter. Swiss National Bank now owns 78,700 shares of the company's stock valued at $1,211,000 after buying an additional 10,900 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.