TD Cowen Lowers Arhaus (NASDAQ:ARHS) Price Target to $9.00

Arhaus (NASDAQ:ARHS) had its price target lowered by equities research analysts at TD Cowen from $12.00 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 32.74% from the company’s previous close.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Arhaus in a research note on Monday, December 29th. Stifel Nicolaus set a $12.00 price target on Arhaus in a report on Monday, March 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $9.50 price objective on shares of Arhaus in a research report on Thursday, February 26th. Telsey Advisory Group raised their price objective on shares of Arhaus from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. Finally, Morgan Stanley boosted their target price on shares of Arhaus from $10.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arhaus presently has a consensus rating of “Hold” and an average price target of $10.70.

Arhaus Stock Performance

Shares of ARHS opened at $6.78 on Monday. The company has a market capitalization of $956.79 million, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.35 and a beta of 2.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.37 and a quick ratio of 0.62. Arhaus has a one year low of $6.43 and a one year high of $12.98. The company’s fifty day moving average price is $8.65 and its 200 day moving average price is $9.88.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $364.85 million during the quarter, compared to analysts’ expectations of $351.53 million. Arhaus had a net margin of 4.88% and a return on equity of 17.32%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, analysts expect that Arhaus will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC raised its position in Arhaus by 10,207.1% in the third quarter. Voya Investment Management LLC now owns 1,512,367 shares of the company’s stock worth $16,076,000 after purchasing an additional 1,497,694 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Arhaus during the third quarter valued at approximately $2,396,000. Tudor Investment Corp ET AL bought a new stake in shares of Arhaus in the 3rd quarter valued at approximately $1,897,000. JPMorgan Chase & Co. raised its holdings in shares of Arhaus by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,548,946 shares of the company’s stock worth $22,099,000 after buying an additional 97,149 shares in the last quarter. Finally, CenterBook Partners LP raised its holdings in shares of Arhaus by 207.9% in the 3rd quarter. CenterBook Partners LP now owns 1,056,367 shares of the company’s stock worth $11,229,000 after buying an additional 713,324 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

About Arhaus

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.