Stifel Nicolaus Has Lowered Expectations for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS - Get Free Report) had its price target cut by analysts at Stifel Nicolaus from $14.00 to $11.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 28.21% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird lifted their price objective on shares of Arhaus from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Jefferies Financial Group upped their target price on Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Finally, Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Arhaus has a consensus rating of "Hold" and a consensus price target of $11.59.

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Arhaus Stock Performance

ARHS stock traded down $0.15 on Monday, reaching $8.97. The company's stock had a trading volume of 1,860,016 shares, compared to its average volume of 2,014,784. The firm has a fifty day moving average of $11.16 and a two-hundred day moving average of $10.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a market capitalization of $1.26 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. Quantbot Technologies LP purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in Arhaus during the 4th quarter worth about $58,000. KLP Kapitalforvaltning AS purchased a new position in Arhaus during the 4th quarter valued at about $69,000. AlphaQuest LLC increased its holdings in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after purchasing an additional 5,786 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Arhaus in the 4th quarter valued at about $99,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.