Arhaus (NASDAQ:ARHS) Downgraded by Robert W. Baird to "Neutral"

Robert W. Baird lowered shares of Arhaus (NASDAQ:ARHS - Free Report) from an outperform rating to a neutral rating in a report issued on Monday morning, MarketBeat.com reports. They currently have $8.50 target price on the stock, down from their prior target price of $13.00.

ARHS has been the topic of several other reports. Jefferies Financial Group lifted their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a report on Monday, March 3rd. Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They set a "hold" rating and a $12.00 target price on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 price target on shares of Arhaus in a research note on Wednesday, February 26th. Finally, Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Arhaus presently has an average rating of "Hold" and a consensus target price of $11.18.

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Arhaus Stock Performance

Shares of ARHS stock traded down $0.09 during trading on Monday, reaching $7.90. 2,598,935 shares of the company's stock were exchanged, compared to its average volume of 1,569,136. The stock has a market capitalization of $1.11 billion, a PE ratio of 14.11, a PEG ratio of 11.57 and a beta of 2.64. The firm's fifty day moving average price is $9.88 and its 200-day moving average price is $10.12. Arhaus has a twelve month low of $6.61 and a twelve month high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Trading of Arhaus

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS bought a new position in shares of Arhaus in the fourth quarter worth about $69,000. AlphaQuest LLC increased its stake in Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after buying an additional 5,786 shares during the period. GAMMA Investing LLC increased its stake in Arhaus by 1,158.4% in the 1st quarter. GAMMA Investing LLC now owns 9,614 shares of the company's stock worth $840,000 after buying an additional 8,850 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Arhaus during the 4th quarter valued at about $99,000. Hedge funds and other institutional investors 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.