Arhaus (NASDAQ:ARHS) Stock Price Up 4% – Still a Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s stock price shot up 4% on Friday . The stock traded as high as $7.09 and last traded at $7.34. 722,515 shares changed hands during trading, a decline of 53% from the average session volume of 1,527,266 shares. The stock had previously closed at $7.06.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Jefferies Financial Group raised their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Piper Sandler lowered Arhaus from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Robert W. Baird lifted their target price on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, 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. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Price Performance

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 firm’s 50-day moving average is $10.48 and its two-hundred day moving average is $10.35. The company has a market cap of $1.09 billion, a P/E ratio of 13.84, a PEG ratio of 11.57 and a beta of 2.64.

Institutional Trading of Arhaus

Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in Arhaus during the third quarter worth approximately $43,000. BNP Paribas Financial Markets bought a new position in shares of Arhaus during the 4th quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new position in shares of Arhaus during the 4th quarter valued at approximately $69,000. AlphaQuest LLC raised its holdings in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after buying an additional 5,786 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Arhaus in the fourth quarter worth $99,000. 27.88% of the stock is currently owned by hedge funds and other 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.