Robert W. Baird Boosts Arhaus (NASDAQ:ARHS) Price Target to $13.00

Arhaus (NASDAQ:ARHS) had its price target increased by Robert W. Baird from $12.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 18.72% from the company’s previous close.

ARHS has been the subject of several other research reports. Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group upped their price objective 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. Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research note on Wednesday. Finally, Loop Capital assumed coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price objective for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.82.

Arhaus Stock Down 8.1 %

Shares of NASDAQ ARHS opened at $10.95 on Thursday. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The stock has a market cap of $1.54 billion, a PE ratio of 19.55, a P/E/G ratio of 11.57 and a beta of 2.63. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $11.19 and a 200 day moving average of $10.88.

Hedge Funds Weigh In On Arhaus

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of Arhaus during the 3rd quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new position in shares of Arhaus during the 4th quarter worth approximately $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus during the 4th quarter worth approximately $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 worth $83,000 after purchasing an additional 5,786 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Arhaus during the 4th quarter worth approximately $99,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.