Analysts Set Arhaus, Inc. (NASDAQ:ARHS) Price Target at $11.59

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned an average rating of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.18.

A number of brokerages have issued reports on ARHS. Stifel Nicolaus cut their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Jefferies Financial Group boosted their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Piper Sandler lowered Arhaus from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Loop Capital initiated coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Finally, Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $13.00 to $8.50 in a research report on Monday, April 7th.

Hedge Funds Weigh In On Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. Quantbot Technologies LP acquired a new stake in shares of Arhaus in the third quarter valued at $43,000. BNP Paribas Financial Markets acquired a new stake in Arhaus in the 4th quarter valued at about $58,000. KLP Kapitalforvaltning AS acquired a new stake in Arhaus in the 4th quarter valued at about $69,000. AlphaQuest LLC boosted its position in shares of Arhaus by 190.2% during 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 in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Arhaus in the 4th quarter worth approximately $99,000. 27.88% of the stock is owned by institutional investors.

Arhaus Trading Down 1.1 %

Arhaus stock opened at $7.90 on Monday. 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 1 year low of $6.61 and a 1 year high of $19.81. The firm’s 50-day moving average is $9.88 and its 200-day moving average is $10.12. The company has a market cap of $1.11 billion, a P/E ratio of 14.11, a PEG ratio of 11.57 and a beta of 2.64.

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.