Arhaus (NASDAQ:ARHS) Stock Rating Lowered by Piper Sandler

Arhaus (NASDAQ:ARHS) was downgraded by research analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $12.00 price objective on the stock, down from their prior price objective of $15.00. Piper Sandler’s price objective would suggest a potential upside of 26.05% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research note on Wednesday. Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price objective for the company. Barclays cut their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Wedbush cut their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.82.

Arhaus Trading Up 1.6 %

Arhaus stock opened at $9.52 on Thursday. The business has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $10.87. The company has a market cap of $1.34 billion, a P/E ratio of 17.00, a P/E/G ratio of 11.57 and a beta of 2.63. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Paradigm Capital Management Inc. NY purchased a new position in Arhaus in the 4th quarter worth approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Arhaus by 30.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock worth $675,000 after acquiring an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Arhaus by 28.2% during the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock worth $146,000 after acquiring an additional 3,410 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Arhaus during the 4th quarter worth approximately $136,000. Finally, Meros Investment Management LP raised its holdings in shares of Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock worth $5,458,000 after acquiring an additional 81,353 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.