Arhaus, Inc. (NASDAQ:ARHS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.18.

ARHS has been the topic of several research reports. Wedbush dropped their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Jefferies Financial Group boosted their target price 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. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler raised their target price on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of the business. Daymark Wealth Partners LLC raised its holdings in shares of Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after buying an additional 1,000 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Arhaus by 1.8% during the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after buying an additional 1,231 shares during the period. Victory Capital Management Inc. boosted its position in shares of Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after purchasing an additional 1,416 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock valued at $352,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Soros Capital Management LLC boosted its holdings in Arhaus by 18.2% in the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after acquiring an additional 3,358 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

ARHS stock opened at $12.60 on Friday. The company’s fifty day simple moving average is $10.95 and its 200 day simple moving average is $10.98. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 13.29 and a beta of 2.63. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

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.