Arhaus (NASDAQ:ARHS) Given New $11.50 Price Target at Stifel Nicolaus

Arhaus (NASDAQ:ARHS) had its price target trimmed by Stifel Nicolaus from $14.00 to $11.50 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on ARHS. Robert W. Baird raised their price target on Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. 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. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Loop Capital assumed coverage on shares of Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Stock Down 5.8 %

Shares of NASDAQ ARHS opened at $8.97 on Monday. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The firm has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $10.84. The company has a market cap of $1.26 billion, a P/E ratio of 16.02, a PEG ratio of 11.57 and a beta of 2.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new stake in Arhaus during the fourth quarter worth $58,000. KLP Kapitalforvaltning AS bought a new stake in Arhaus during the 4th quarter valued at $69,000. AlphaQuest LLC increased its holdings 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 acquiring an additional 5,786 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Arhaus during the 4th quarter worth $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.