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

Arhaus (NASDAQ:ARHS) had its price target boosted by Robert W. Baird from $16.00 to $18.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 16.13% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group restated an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a research note on Thursday. Bank of America raised their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

Arhaus Trading Up 17.2 %

NASDAQ:ARHS opened at $15.50 on Friday. Arhaus has a 12 month low of $6.75 and a 12 month high of $16.60. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.30 and a beta of 2.48. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $14.55 and its 200-day moving average is $12.02.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $263.23 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. Equities analysts anticipate that Arhaus will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP bought a new position in shares of Arhaus during the first quarter valued at $250,000. Russell Investments Group Ltd. raised its holdings in shares of Arhaus by 142.4% in the first quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock valued at $4,794,000 after buying an additional 182,979 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Arhaus by 192.7% in the first quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after buying an additional 252,192 shares during the last quarter. Swiss National Bank raised its holdings in shares of Arhaus by 16.1% in the first quarter. Swiss National Bank now owns 78,700 shares of the company’s stock valued at $1,211,000 after buying an additional 10,900 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in shares of Arhaus in the first quarter valued at about $4,034,000. 27.88% of the stock is owned by institutional investors.

About Arhaus

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.