Arhaus (NASDAQ:ARHS) Price Target Raised to $13.00

Arhaus (NASDAQ:ARHS - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $12.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 44.93% from the company's current price.

ARHS has been the topic of several other research reports. Telsey Advisory Group restated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Jefferies Financial Group increased their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Piper Sandler downgraded shares of Arhaus from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Thursday. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Finally, Stifel Nicolaus raised their price target on Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.59.

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Arhaus Stock Down 5.8 %

Shares of NASDAQ:ARHS traded down $0.55 during trading on Thursday, reaching $8.97. 4,864,006 shares of the stock traded hands, compared to its average volume of 1,988,639. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The stock has a market cap 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. The stock has a 50-day moving average of $11.19 and a two-hundred day moving average of $10.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Paradigm Capital Management Inc. NY purchased a new position in Arhaus during the fourth quarter valued at approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Arhaus by 30.1% during 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 valued at $675,000 after buying an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Arhaus by 28.2% in the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock worth $146,000 after buying an additional 3,410 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Arhaus during the fourth quarter worth $136,000. Finally, Meros Investment Management LP grew its stake in Arhaus by 16.3% during the fourth quarter. Meros Investment Management LP now owns 580,680 shares of the company's stock valued at $5,458,000 after acquiring an additional 81,353 shares in the last quarter. 27.88% of the stock is currently 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.