Arhaus (NASDAQ:ARHS) Cut to “Neutral” at Robert W. Baird

Arhaus (NASDAQ:ARHS) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $8.50 price target on the stock, down from their prior price target of $13.00. Robert W. Baird’s price objective would indicate a potential upside of 9.68% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Jefferies Financial Group boosted their target price on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Stifel Nicolaus cut their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 3rd. Loop Capital started coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target for the company. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.18.

Arhaus Price Performance

Shares of ARHS opened at $7.75 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 11.57 and a beta of 2.64. The business’s 50-day moving average is $10.48 and its 200-day moving average is $10.32. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $19.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ARHS. Vanguard Group Inc. raised its stake in Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock valued at $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Arhaus by 32.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock valued at $24,348,000 after acquiring an additional 627,952 shares during the period. Bank of America Corp DE raised its holdings in Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock valued at $23,480,000 after acquiring an additional 2,672,239 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Arhaus by 18.7% in the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock worth $15,307,000 after acquiring an additional 256,887 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Arhaus by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock worth $14,894,000 after purchasing an additional 120,582 shares in the last quarter. 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.