Shares of Arhaus, Inc. (ARHS), a leading luxury home furnishings retailer, plummeted 8.49% in the pre-market trading session on Thursday. The steep decline came as several analysts lowered their ratings and price targets on the stock, citing concerns over slowing growth and macroeconomic headwinds impacting the premium consumer segment.
Piper Sandler downgraded Arhaus from Overweight to Neutral and slashed its price target from $15 to $12, citing expectations of softer demand and margin pressures due to increased promotional activity. Analysts at Craig-Hallum also maintained a Hold rating on the stock, while lowering their price target to reflect the challenging operating environment.
The analysts' concerns stem from Arhaus' Q4 2024 earnings report, which showed signs of slowing growth and increased investments to support future expansion plans. While the company reported solid demand in Q4, its full-year revenue and profitability were impacted by macroeconomic uncertainties and higher costs associated with new showroom openings and strategic initiatives.
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