Arhaus (NASDAQ:ARHS) Given New $13.00 Price Target at Robert W. Baird

Arhaus (NASDAQ:ARHS) had its target price raised by Robert W. Baird from $12.00 to $13.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Loop Capital assumed coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company. Stifel Nicolaus increased their price objective on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Piper Sandler downgraded Arhaus from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $12.00 in a report on Thursday. Jefferies Financial Group increased their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.82.

Arhaus Stock Performance

Shares of ARHS opened at $9.37 on Thursday. The stock has a 50 day moving average price of $11.19 and a 200 day moving average price of $10.88. 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 company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81.

Institutional Investors Weigh In On Arhaus

Several large investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its stake in shares of Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after purchasing an additional 2,536,075 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. raised its position in Arhaus by 32.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after acquiring an additional 627,952 shares in the last quarter. Bank of America Corp DE raised its position in Arhaus by 1,532.9% in the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after acquiring an additional 2,672,239 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in Arhaus by 18.7% in the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock worth $15,307,000 after acquiring an additional 256,887 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.