Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Rating of “Hold” by Brokerages

Arhaus, Inc. (NASDAQ:ARHS) has earned an average rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.59.

Several equities analysts recently commented on ARHS shares. Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and cut their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research note on Wednesday, February 26th. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company. Robert W. Baird increased 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. Finally, Stifel Nicolaus dropped their price objective on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Arhaus by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock worth $274,000 after purchasing an additional 984 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after acquiring an additional 1,000 shares during the last quarter. Rhumbline Advisers grew its holdings in Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after acquiring an additional 1,231 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Arhaus by 4.3% during the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after acquiring an additional 1,531 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

NASDAQ:ARHS opened at $9.31 on Thursday. The stock has a market cap of $1.31 billion, a P/E ratio of 16.63, a PEG ratio of 11.57 and a beta of 2.68. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company has a fifty day moving average price of $11.11 and a 200 day moving average price of $10.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus Company Profile

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.