Robert W. Baird Boosts Arhaus (NASDAQ:ARHS) Price Target to $13.00

Arhaus (NASDAQ:ARHS) had its price objective lifted by research analysts at Robert W. Baird from $12.00 to $13.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 18.72% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays reduced their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group increased 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. Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a report on Wednesday. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.82.

Arhaus Price Performance

Arhaus stock opened at $10.95 on Thursday. The firm has a market cap of $1.54 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $11.19 and its two-hundred day moving average is $10.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of Arhaus in the 3rd quarter valued at $43,000. BNP Paribas Financial Markets purchased a new position in shares of Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus in the 4th quarter valued at $69,000. AlphaQuest LLC grew its position in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after buying an additional 5,786 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Arhaus in the 4th quarter valued at $99,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.