Arhaus, Inc. (NASDAQ:ARHS) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.18.

Several research firms have commented on ARHS. Robert W. Baird lowered shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $13.00 to $8.50 in a report on Monday. Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday, January 10th. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Stifel Nicolaus decreased their price objective on shares of Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a research report on Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Arhaus in the third quarter valued at $43,000. BNP Paribas Financial Markets purchased a new position in shares of Arhaus in the 4th quarter valued at about $58,000. KLP Kapitalforvaltning AS purchased a new position in Arhaus in the fourth quarter worth approximately $69,000. AlphaQuest LLC grew its holdings in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after acquiring an additional 5,786 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Arhaus in the 4th quarter valued at approximately $99,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

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Arhaus Stock Performance

NASDAQ ARHS traded down $0.09 during trading hours on Monday, reaching $7.90. The stock had a trading volume of 2,598,935 shares, compared to its average volume of 1,569,136. Arhaus has a 52-week low of $6.61 and a 52-week high of $19.81. The stock has a fifty day moving average of $9.88 and a 200 day moving average of $10.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market cap of $1.11 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64.

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.