Piper Sandler Downgrades Arhaus (NASDAQ:ARHS) to Neutral

Piper Sandler downgraded shares of Arhaus (NASDAQ:ARHS) from an overweight rating to a neutral rating in a research report sent to investors on Thursday morning, Marketbeat reports. Piper Sandler currently has $12.00 price target on the stock, down from their previous price target of $15.00.

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

Arhaus Price Performance

Shares of ARHS opened at $9.37 on Thursday. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 11.57 and a beta of 2.63. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $11.19 and a 200-day moving average of $10.88.

Institutional Trading of Arhaus

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after buying an additional 2,672,239 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after buying an additional 1,859,398 shares in the last quarter. Barclays PLC raised its stake in shares of Arhaus by 108.6% in the 4th quarter. Barclays PLC now owns 110,447 shares of the company’s stock worth $1,038,000 after buying an additional 1,391,342 shares in the last quarter. Finally, Long Focus Capital Management LLC bought a new stake in shares of Arhaus in the 4th quarter worth $10,575,000. Institutional investors own 27.88% of the company’s stock.

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.