Arhaus (NASDAQ:ARHS) Stock Price Up 4% - Still a Buy?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) rose 4% during mid-day trading on Friday . The stock traded as high as $7.09 and last traded at $7.34. Approximately 722,515 shares changed hands during trading, a decline of 53% from the average daily volume of 1,527,266 shares. The stock had previously closed at $7.06.

Wall Street Analyst Weigh In

Several analysts have commented on ARHS shares. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Baird R W lowered Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday. Loop Capital initiated coverage on Arhaus in a research report on Friday, January 24th. They set a "hold" rating and a $12.00 price objective for the company. Robert W. Baird lowered shares of Arhaus from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $13.00 to $8.50 in a research note on Monday. Finally, Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arhaus presently has an average rating of "Hold" and a consensus target price of $11.18.

Arhaus Price Performance

The company has a 50-day moving average of $10.04 and a two-hundred day moving average of $10.18. 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 stock has a market capitalization of $1.18 billion, a PE ratio of 15.02, a P/E/G ratio of 11.57 and a beta of 2.64.

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Institutional Investors Weigh In On Arhaus

Several hedge funds and other institutional investors have recently bought and sold shares of ARHS. Charles Schwab Investment Management Inc. grew its stake in Arhaus by 19.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock worth $5,251,000 after buying an additional 69,853 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arhaus by 20.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,215 shares of the company's stock valued at $680,000 after purchasing an additional 9,248 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company's stock valued at $544,000 after buying an additional 3,529 shares in the last quarter. State Street Corp boosted its position in shares of Arhaus by 14.5% in the third quarter. State Street Corp now owns 930,023 shares of the company's stock valued at $11,449,000 after acquiring an additional 117,422 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company's stock worth $15,160,000 after purchasing an additional 636,691 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

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.