Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.18.

Several research firms have issued reports on ARHS. Stifel Nicolaus raised their target price on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th.

Arhaus Price Performance

ARHS stock opened at $12.18 on Friday. The business has a fifty day moving average of $11.07 and a two-hundred day moving average of $10.95. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 13.09 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY purchased a new position in Arhaus in the fourth quarter valued at $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $675,000 after buying an additional 16,620 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in Arhaus by 28.2% during the 4th 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 during the last quarter. ProShare Advisors LLC purchased a new stake in Arhaus during the 4th quarter worth about $136,000. Finally, Meros Investment Management LP lifted its holdings in Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock worth $5,458,000 after buying an additional 81,353 shares during the last quarter. 27.88% of the stock is currently owned by hedge funds and other 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.