Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Rating of "Moderate Buy" by Brokerages

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.18.

A number of equities research analysts have weighed in on the company. Wedbush cut their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Telsey Advisory Group restated an "outperform" rating and set a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Stifel Nicolaus increased their price objective on Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Bank of America lowered shares of Arhaus from a "buy" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price target on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, January 10th.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded down $0.28 during trading on Friday, reaching $12.51. The company had a trading volume of 1,782,847 shares, compared to its average volume of 1,619,252. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. 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 firm has a market capitalization of $1.76 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 12.90 and a beta of 2.63. The firm's fifty day moving average is $10.99 and its 200 day moving average is $10.94.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently modified their holdings of ARHS. Paradigm Capital Management Inc. NY acquired a new stake in shares of Arhaus during the 4th quarter worth approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Arhaus by 30.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company's stock worth $675,000 after acquiring an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Arhaus by 28.2% during the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock worth $146,000 after purchasing an additional 3,410 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Arhaus in the fourth quarter worth about $136,000. Finally, Meros Investment Management LP increased its holdings in shares of Arhaus by 16.3% in the fourth quarter. Meros Investment Management LP now owns 580,680 shares of the company's stock valued at $5,458,000 after purchasing an additional 81,353 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

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.