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

Arhaus, Inc. (NASDAQ:ARHS) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $11.59.

A number of research analysts have issued reports on ARHS shares. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and cut their target price for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Jefferies Financial Group upped their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Finally, Loop Capital assumed coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 target price on the stock.

Arhaus Stock Up 5.2 %

Shares of NASDAQ:ARHS opened at $9.31 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The firm has a market cap of $1.31 billion, a P/E ratio of 16.63, a P/E/G ratio of 11.57 and a beta of 2.68. The company’s 50-day moving average price is $11.11 and its two-hundred day moving average price is $10.63.

Institutional Trading of Arhaus

Several hedge funds have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY acquired a new stake in Arhaus during the 4th quarter worth approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Arhaus by 30.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock worth $675,000 after buying an additional 16,620 shares during the period. Rafferty Asset Management LLC raised its holdings in Arhaus by 28.2% during the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock worth $146,000 after buying an additional 3,410 shares during the period. ProShare Advisors LLC acquired a new stake in Arhaus during the 4th quarter worth approximately $136,000. Finally, Meros Investment Management LP raised its holdings in Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock worth $5,458,000 after buying an additional 81,353 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.