Arhaus (NASDAQ:ARHS) Given New $13.00 Price Target at Robert W. Baird

Arhaus (NASDAQ:ARHS) had its target price raised by Robert W. Baird from $12.00 to $13.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Barclays cut their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.82.

Arhaus Stock Down 14.4 %

Shares of ARHS opened at $9.37 on Thursday. The firm has a market cap of $1.32 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The company’s 50-day moving average price is $11.19 and its 200 day moving average price is $10.88. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after buying an additional 134,312 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Arhaus during the third quarter worth about $4,308,000. Principal Financial Group Inc. acquired a new position in shares of Arhaus during the third quarter worth about $814,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Arhaus during the third quarter worth about $802,000. Finally, JPMorgan Chase & Co. grew its position in shares of Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after buying an additional 1,859,398 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

About Arhaus

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.