Telsey Advisory Group Reaffirms Outperform Rating for Arhaus (NASDAQ:ARHS)

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 17.40% from the stock’s current price.

Several other research firms also recently weighed in on ARHS. Piper Sandler upped their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Wedbush cut their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Loop Capital started coverage on Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price target for the company. Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Arhaus presently has a consensus rating of “Hold” and a consensus target price of $11.82.

Arhaus Stock Down 14.4 %

Shares of Arhaus stock opened at $9.37 on Wednesday. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 11.57 and a beta of 2.63. The company has a 50-day moving average of $11.19 and a 200 day moving average of $10.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Hedge Funds Weigh In On Arhaus

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Arhaus during the third quarter valued at $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Arhaus during the 4th quarter valued at about $58,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Arhaus during the 4th quarter valued at about $69,000. AlphaQuest LLC lifted its stake in shares of Arhaus by 190.2% in 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 in the fourth quarter worth approximately $99,000. 27.88% of the stock is currently 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.