Arhaus (NASDAQ:ARHS) Price Target Lowered to $11.50 at Stifel Nicolaus

Arhaus (NASDAQ:ARHS) had its price target cut by Stifel Nicolaus from $14.00 to $11.50 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

ARHS has been the topic of a number of other reports. Robert W. Baird raised their price target on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Wedbush cut their price objective 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. Loop Capital started coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price objective on the stock. Finally, Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.59.

Arhaus Stock Performance

ARHS opened at $8.97 on Monday. The company has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $10.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm has a market cap of $1.26 billion, a P/E ratio of 16.02, a PEG 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Arhaus by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock valued at $4,675,000 after acquiring an additional 226,017 shares during the last quarter. Olympiad Research LP purchased a new stake in Arhaus during the third quarter valued at approximately $202,000. Principal Financial Group Inc. bought a new stake in shares of Arhaus in the 3rd quarter valued at approximately $814,000. Privium Fund Management B.V. boosted its holdings in shares of Arhaus by 34.7% in the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock worth $268,000 after purchasing an additional 5,600 shares during the period. Finally, North Growth Management Ltd. increased its position in shares of Arhaus by 15.0% during the 3rd quarter. North Growth Management Ltd. now owns 553,000 shares of the company’s stock valued at $6,813,000 after purchasing an additional 72,000 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.