Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have received an average rating of "Hold" from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.09.

Several research firms recently weighed in on ARHS. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 price objective on the stock. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Telsey Advisory Group decreased their price objective on Arhaus from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th. Robert W. Baird lowered Arhaus from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Jefferies Financial Group increased their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday, January 10th.

Hedge Funds Weigh In On Arhaus

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Arhaus during the 3rd quarter worth approximately $814,000. JPMorgan Chase & Co. lifted its stake in Arhaus by 1,808.2% during the third 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 last quarter. Vanguard Group Inc. lifted its stake in Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after purchasing an additional 157,515 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Arhaus by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,219,876 shares of the company's stock valued at $11,470,000 after purchasing an additional 11,895 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

Arhaus Trading Up 2.2 %

NASDAQ:ARHS traded up $0.18 during trading hours on Friday, hitting $8.22. 681,405 shares of the stock were exchanged, compared to its average volume of 1,580,082. The company has a market capitalization of $1.16 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64. 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 $8.57 and its two-hundred day moving average is $9.81. Arhaus has a twelve month low of $6.61 and a twelve month high of $19.81.

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.