Robert W. Baird Downgrades Arhaus (NASDAQ:ARHS) to Neutral

Arhaus (NASDAQ:ARHS) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Monday, MarketBeat Ratings reports. They currently have a $8.50 price target on the stock, down from their prior price target of $13.00. Robert W. Baird’s price target suggests a potential upside of 15.02% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Loop Capital initiated coverage on Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Piper Sandler cut Arhaus from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.18.

Arhaus Trading Down 5.5 %

Arhaus stock opened at $7.39 on Monday. The company has a 50 day moving average price of $10.20 and a 200 day moving average price of $10.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus has a 52 week low of $6.61 and a 52 week high of $19.81. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 11.57 and a beta of 2.64.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARHS. Vanguard Group Inc. boosted its holdings in Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after acquiring an additional 627,952 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock valued at $23,480,000 after acquiring an additional 2,672,239 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of Arhaus by 18.7% during the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after acquiring an additional 256,887 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Arhaus by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock worth $14,894,000 after purchasing an additional 120,582 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.