Arhaus (NASDAQ:ARHS) Given New $11.00 Price Target at Morgan Stanley

Arhaus (NASDAQ:ARHS – Get Rating) had its price target trimmed by Morgan Stanley from $12.00 to $11.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Barclays decreased their price objective on Arhaus from $16.00 to $14.00 in a research report on Friday. Robert W. Baird decreased their price objective on Arhaus from $13.00 to $12.00 in a research report on Friday. Piper Sandler decreased their price objective on Arhaus from $16.00 to $13.00 in a research report on Friday. Telsey Advisory Group boosted their price objective on Arhaus from $14.00 to $16.00 and gave the company an outperform rating in a research report on Monday, March 6th. Finally, Bank of America boosted their price objective on Arhaus from $12.00 to $16.50 in a research report on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Arhaus has an average rating of Moderate Buy and a consensus target price of $13.50.

Arhaus Stock Performance

Shares of ARHS stock opened at $8.84 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.51. The stock has a market cap of $1.24 billion, a PE ratio of 9.02 and a beta of 2.69. The stock has a 50-day moving average of $13.14 and a 200-day moving average of $10.23. Arhaus has a one year low of $4.23 and a one year high of $15.27.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently bought and sold shares of the company. State of Wyoming boosted its position in Arhaus by 6.5% during the 4th quarter. State of Wyoming now owns 13,543 shares of the company’s stock worth $132,000 after acquiring an additional 824 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Arhaus during the 4th quarter worth approximately $2,618,000. Chimera Capital Management LLC bought a new stake in shares of Arhaus during the 4th quarter worth approximately $4,511,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Arhaus during the 4th quarter worth approximately $285,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Arhaus by 1,663.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 276,838 shares of the company’s stock worth $2,699,000 after purchasing an additional 261,138 shares in the last quarter. Institutional investors and hedge funds own 30.55% of the company’s stock.

Arhaus Company Profile

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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.