Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) PT at $11.59

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.59.

A number of equities analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Robert W. Baird lifted their price target on Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Stifel Nicolaus reduced their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a report on Monday, March 3rd. Loop Capital assumed coverage on Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 price target for the company. Finally, Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th.

Institutional Investors Weigh In On Arhaus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Arhaus in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $69,000. AlphaQuest LLC raised its position in shares of Arhaus by 190.2% in the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after buying an additional 5,786 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $99,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Trading Up 2.2 %

Arhaus stock opened at $8.85 on Thursday. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market capitalization of $1.24 billion, a P/E ratio of 15.80, a PEG ratio of 11.57 and a beta of 2.68. The stock has a 50-day simple moving average of $11.11 and a 200 day simple moving average of $10.64.

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.