Arhaus, Inc. (NASDAQ:ARHS) Receives Average Recommendation of “Hold” from Brokerages

Arhaus, Inc. (NASDAQ:ARHS) has been given an average rating of “Hold” by the eleven research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.59.

Several research firms have recently issued reports on ARHS. 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. Robert W. Baird raised their price objective on shares of Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings 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 valued at $23,480,000 after acquiring an additional 2,672,239 shares during the period. Wasatch Advisors LP lifted its stake in shares of Arhaus by 26.6% in the 3rd 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 period. JPMorgan Chase & Co. lifted its stake in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares during the period. Barclays PLC boosted its holdings in shares of Arhaus by 108.6% in the fourth quarter. Barclays PLC now owns 110,447 shares of the company’s stock worth $1,038,000 after buying an additional 1,391,342 shares during the last quarter. Finally, Long Focus Capital Management LLC bought a new stake in Arhaus during the fourth quarter valued at approximately $10,575,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Down 1.6 %

Shares of NASDAQ:ARHS opened at $8.80 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 stock has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.71. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 11.57 and a beta of 2.68.

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.