Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) PT at $12.18

Shares of Arhaus, Inc. (NASDAQ:ARHS) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.18.

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Loop Capital began coverage on Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 target price for the company. Finally, Stifel Nicolaus increased their target price on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.18 on Friday. The company has a market capitalization of $1.71 billion, a P/E ratio of 21.75, a P/E/G ratio of 13.09 and a beta of 2.63. The business’s 50 day moving average is $11.07 and its two-hundred day moving average is $10.95. The company has a current ratio of 1.23, a quick ratio of 0.52 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.

Institutional Investors Weigh In On Arhaus

Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. Sanctuary Advisors LLC acquired a new stake in shares of Arhaus in the second quarter valued at approximately $310,000. Sequoia Financial Advisors LLC increased its stake in Arhaus by 5.1% during the third quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after acquiring an additional 5,577 shares during the last quarter. Signaturefd LLC increased its stake in Arhaus by 507.6% during the third quarter. Signaturefd LLC now owns 107,743 shares of the company’s stock worth $1,326,000 after acquiring an additional 90,010 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Arhaus by 147.0% during the third quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock worth $4,675,000 after acquiring an additional 226,017 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after acquiring an additional 32,077 shares during 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.