Barclays Lowers Arhaus (NASDAQ:ARHS) Price Target to $13.00

Arhaus (NASDAQ:ARHSGet Rating) had its target price decreased by investment analysts at Barclays to $13.00 in a report released on Wednesday, Stock Target Advisor reports. Barclays‘s price target points to a potential upside of 55.88% from the company’s current price.

Other equities analysts have also issued research reports about the stock. William Blair reiterated an “outperform” rating on shares of Arhaus in a report on Friday, October 28th. Piper Sandler cut their target price on shares of Arhaus from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Morgan Stanley upped their target price on shares of Arhaus from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, November 11th. Finally, Telsey Advisory Group cut their target price on shares of Arhaus from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $12.38.

Arhaus Stock Down 1.8 %

Shares of Arhaus stock opened at $8.34 on Wednesday. The company has a fifty day moving average price of $8.08 and a 200 day moving average price of $6.96. The company has a current ratio of 1.14, a quick ratio of 0.45 and a debt-to-equity ratio of 0.32. Arhaus has a twelve month low of $4.23 and a twelve month high of $14.95. The stock has a market cap of $1.17 billion and a price-to-earnings ratio of 11.75.

Insider Buying and Selling

In other Arhaus news, Director Alton F. Doody III acquired 11,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were purchased at an average price of $8.50 per share, for a total transaction of $99,875.00. Following the completion of the purchase, the director now directly owns 23,500 shares in the company, valued at $199,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Arhaus in the 2nd quarter worth about $29,000. Signaturefd LLC grew its position in Arhaus by 100.0% in the 1st quarter. Signaturefd LLC now owns 4,000 shares of the company’s stock worth $34,000 after purchasing an additional 2,000 shares during the last quarter. UBS Group AG bought a new position in Arhaus in the 1st quarter worth about $36,000. Virtu Financial LLC bought a new position in Arhaus in the 2nd quarter worth about $45,000. Finally, PDT Partners LLC bought a new position in Arhaus in the 2nd quarter worth about $48,000. Institutional investors own 30.46% of the company’s stock.

Arhaus Company Profile

(Get Rating)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

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