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

Arhaus (NASDAQ:ARHS) had its target price boosted by analysts at Robert W. Baird from $12.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 36.55% from the company’s previous close.

A number of other research firms have also weighed in on ARHS. Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 target price for the company. Wedbush dropped their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Stifel Nicolaus increased their target price on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $12.00 in a research note on Thursday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Arhaus presently has an average rating of “Hold” and an average price target of $11.82.

Arhaus Stock Performance

Arhaus stock opened at $9.52 on Thursday. 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 firm has a 50-day moving average of $11.19 and a 200-day moving average of $10.87. The firm has a market cap of $1.34 billion, a P/E ratio of 17.00, a P/E/G ratio of 11.57 and a beta of 2.63. Arhaus has a 1-year low of $8.30 and a 1-year high of $19.81.

Hedge Funds Weigh In On Arhaus

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Paradigm Capital Management Inc. NY bought a new position in shares of Arhaus during the fourth quarter valued at approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Arhaus by 30.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock valued at $675,000 after purchasing an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Arhaus by 28.2% during the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock valued at $146,000 after purchasing an additional 3,410 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Arhaus during the fourth quarter valued at approximately $136,000. Finally, Meros Investment Management LP increased its stake in shares of Arhaus by 16.3% during the fourth quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock valued at $5,458,000 after purchasing an additional 81,353 shares in the last quarter. 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.