Arhaus (NASDAQ:ARHS) Downgraded to "Hold" Rating by Baird R W

Baird R W lowered shares of Arhaus (NASDAQ:ARHS - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other brokerages have also commented on ARHS. Telsey Advisory Group restated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Robert W. Baird downgraded shares of Arhaus from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Loop Capital started coverage on shares of Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 target price on the stock. Finally, 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 research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.18.

Remove Ads

Arhaus Trading Down 1.1 %

Shares of NASDAQ:ARHS traded down $0.09 during trading on Monday, reaching $7.90. The stock had a trading volume of 2,598,935 shares, compared to its average volume of 1,571,226. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 11.57 and a beta of 2.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus has a 52 week low of $6.61 and a 52 week high of $19.81. The firm's fifty day moving average is $9.88 and its 200 day moving average is $10.10.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Arhaus by 19.6% during the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Arhaus by 20.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,215 shares of the company's stock worth $680,000 after acquiring an additional 9,248 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company's stock worth $544,000 after acquiring an additional 3,529 shares in the last quarter. State Street Corp raised its holdings 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 purchasing an additional 117,422 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position 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 valued at $15,160,000 after purchasing an additional 636,691 shares in the last quarter. 27.88% of the stock is 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.