Robert W. Baird Boosts Arhaus (NASDAQ:ARHS) Price Target to $18.00

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective increased by analysts at Robert W. Baird from $16.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 10.29% from the company's current price.

ARHS has been the topic of several other reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Arhaus in a research report on Thursday. Bank of America increased their target price on Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Arhaus currently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

Arhaus Stock Performance

Shares of Arhaus stock traded up $0.82 during trading on Friday, reaching $16.32. The company's stock had a trading volume of 1,630,134 shares, compared to its average volume of 1,125,938. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.29 billion, a PE ratio of 17.96, a P/E/G ratio of 2.30 and a beta of 2.48. The company has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $12.02. Arhaus has a fifty-two week low of $6.75 and a fifty-two week high of $16.60.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. The company had revenue of $295.16 million during the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. On average, analysts forecast that Arhaus will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Arhaus during the third quarter worth approximately $53,000. Barclays PLC increased its position in shares of Arhaus by 65.4% during the third quarter. Barclays PLC now owns 7,092 shares of the company's stock valued at $66,000 after purchasing an additional 2,803 shares during the period. National Bank of Canada FI grew its holdings in shares of Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock worth $74,000 after purchasing an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock worth $106,000 after acquiring an additional 3,635 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Arhaus in the third quarter worth about $118,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.