Arhaus, Inc. (NASDAQ:ARHS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Arhaus, Inc. (NASDAQ:ARHS) has been given an average rating of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.18.

A number of brokerages recently weighed in on ARHS. 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. Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company. Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $11.30 on Friday. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The firm has a market cap of $1.59 billion, a P/E ratio of 20.18, a PEG ratio of 12.47 and a beta of 2.63. The company has a 50 day moving average of $11.09 and a 200 day moving average of $10.91. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently modified their holdings of ARHS. Sanctuary Advisors LLC bought a new stake in shares of Arhaus during the 2nd quarter valued at $310,000. Sequoia Financial Advisors LLC grew its position in shares of Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock valued at $1,403,000 after acquiring an additional 5,577 shares during the period. Signaturefd LLC grew its position in shares of Arhaus by 507.6% during the 3rd quarter. Signaturefd LLC now owns 107,743 shares of the company’s stock valued at $1,326,000 after acquiring an additional 90,010 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Arhaus by 147.0% during 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 period. Finally, Emerald Advisers LLC boosted its holdings in Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the period. Institutional investors own 27.88% of the company’s stock.

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.