Arhaus (NASDAQ:ARHS) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $11.00 price objective on the stock.

Several other brokerages have also weighed in on ARHS. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Jefferies Financial Group boosted their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Barclays reduced their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Wedbush cut their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $10.95 on Wednesday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 11.57 and a beta of 2.63. 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 12 month low of $8.30 and a 12 month high of $19.81. The stock’s 50 day moving average price is $11.19 and its 200 day moving average price is $10.88.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Arhaus by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock worth $274,000 after purchasing an additional 984 shares during the period. Daymark Wealth Partners LLC lifted its holdings in shares of Arhaus by 2.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Arhaus by 1.8% in the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after buying an additional 1,231 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock valued at $352,000 after buying an additional 1,531 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.