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

Arhaus, Inc. (NASDAQ:ARHS) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.18.

ARHS has been the subject of several research reports. Baird R W downgraded shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Wednesday, February 26th. Robert W. Baird lowered Arhaus from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Jefferies Financial Group increased their target price on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Piper Sandler lowered Arhaus from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th.

Institutional Trading of Arhaus

A number of hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Arhaus during the 3rd quarter valued at $43,000. BNP Paribas Financial Markets bought a new position in shares of Arhaus during the fourth quarter worth about $58,000. KLP Kapitalforvaltning AS acquired a new position in Arhaus in the fourth quarter worth about $69,000. AlphaQuest LLC increased its holdings in 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 during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Arhaus during the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Stock Performance

NASDAQ ARHS opened at $7.90 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a 1-year low of $6.61 and a 1-year high of $19.81. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.11, a P/E/G ratio of 11.57 and a beta of 2.64. The business’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $10.12.

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.