Arhaus Shares Rise After Piper Sandler Upgrades Stock to Overweight

Arhaus, Inc. (ARHS) shares rose in early trading Oct. 20 after Piper Sandler upgraded the furniture retailer to Overweight, as its recent results showed a rebound in comparable written sales.

Piper Sandler pointed to improving comparable sales trends and the potential for margin recovery.

Arhaus’s comparable written sales rose 12.5% year over year in the second quarter of 2026 after falling 5.7% year over year in the first. Second-quarter comparable delivered sales increased 4% year over year, while net revenue grew 7.4% to $385 million.

Arhaus maintained its full-year 2026 outlook when it released those results in August. It projected net revenue of $1.43 billion to $1.47 billion and comparable delivered sales growth of 0% to 3%.

The rating change followed an Oct. 15-16 analyst event featuring Arhaus’s showroom in Charlotte, North Carolina, and its manufacturing operations in Conover, North Carolina.