Arhaus, Inc. (NASDAQ:ARHS) Given Average Rating of “Hold” by Brokerages

Arhaus, Inc. (NASDAQ:ARHS) has been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.59.

ARHS has been the subject of a number of research reports. Stifel Nicolaus dropped their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research note on Wednesday, February 26th. Jefferies Financial Group upped their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Robert W. Baird upped their price objective on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company.

Arhaus Trading Up 2.8 %

ARHS opened at $9.20 on Thursday. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The company has a 50-day simple moving average of $11.09 and a 200 day simple moving average of $10.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 11.57 and a beta of 2.68.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Arhaus during the 3rd quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus during the 4th quarter worth approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus during the 4th quarter worth approximately $69,000. AlphaQuest LLC grew its position in shares of Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after buying an additional 5,786 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Arhaus during the 4th quarter worth approximately $99,000. 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.