Arhaus (NASDAQ:ARHS) Shares Up 3.8% – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS)’s share price shot up 3.8% during mid-day trading on Monday . The company traded as high as $11.95 and last traded at $11.74. 251,912 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,606,050 shares. The stock had previously closed at $11.30.

Analyst Ratings Changes

ARHS has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Barclays lowered their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Loop Capital assumed coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Bank of America downgraded 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. Finally, Wedbush dropped their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Trading Up 3.9 %

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 12.47 and a beta of 2.63. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $11.09 and its 200-day moving average price is $10.89.

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in Arhaus by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock worth $4,675,000 after purchasing an additional 226,017 shares during the last quarter. Emerald Advisers LLC increased its position in Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the period. Olympiad Research LP acquired a new stake in shares of Arhaus during the third quarter worth $202,000. Principal Financial Group Inc. bought a new stake in shares of Arhaus in the third quarter valued at about $814,000. Finally, Privium Fund Management B.V. grew its stake in shares of Arhaus by 34.7% in the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock valued at $268,000 after acquiring an additional 5,600 shares in the last quarter. 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.