Arhaus (NASDAQ:ARHS) Lowered to Hold Rating by Baird R W

Baird R W lowered shares of Arhaus (NASDAQ:ARHS) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other brokerages have also issued reports on ARHS. Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and cut their target price for the company from $13.00 to $8.50 in a research report on Monday. Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Loop Capital started coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.18.

Arhaus Stock Up 13.8 %

ARHS stock opened at $8.41 on Monday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 11.57 and a beta of 2.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The business’s 50-day moving average is $10.04 and its two-hundred day moving average is $10.18. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $19.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in Arhaus in the 4th quarter valued at about $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of Arhaus during the fourth quarter valued at approximately $69,000. AlphaQuest LLC boosted its holdings in shares of Arhaus by 190.2% in the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after purchasing an additional 5,786 shares during the period. GAMMA Investing LLC grew its stake in Arhaus by 1,158.4% in the first quarter. GAMMA Investing LLC now owns 9,614 shares of the company’s stock worth $840,000 after purchasing an additional 8,850 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Arhaus in the fourth quarter worth approximately $99,000. Hedge funds and other 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.