Barclays Trims Arhaus (NASDAQ:ARHS) Target Price to $14.00

Arhaus (NASDAQ:ARHS – Get Rating) had its price target cut by research analysts at Barclays from $16.00 to $14.00 in a research report issued to clients and investors on Friday, The Fly reports. Barclays‘s target price indicates a potential upside of 48.31% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of Arhaus from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. Robert W. Baird increased their price target on shares of Arhaus from $12.00 to $13.00 in a report on Tuesday, January 10th. Bank of America increased their price target on shares of Arhaus from $12.00 to $16.50 in a report on Wednesday, January 11th. Finally, Morgan Stanley upped their target price on shares of Arhaus from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $13.64.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $9.44 on Friday. The company has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $10.22. Arhaus has a one year low of $4.23 and a one year high of $15.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 1.14. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.72 and a beta of 2.69.

Institutional Trading of Arhaus

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its position in shares of Arhaus by 33.0% in the third quarter. Cubist Systematic Strategies LLC now owns 137,933 shares of the company’s stock valued at $972,000 after purchasing an additional 34,242 shares during the last quarter. Capital Impact Advisors LLC lifted its stake in shares of Arhaus by 12.4% during the second quarter. Capital Impact Advisors LLC now owns 52,090 shares of the company’s stock valued at $234,000 after buying an additional 5,740 shares during the period. SJS Investment Consulting Inc. purchased a new position in shares of Arhaus during the third quarter valued at approximately $1,128,000. Woodline Partners LP lifted its stake in shares of Arhaus by 94.0% during the second quarter. Woodline Partners LP now owns 218,277 shares of the company’s stock valued at $982,000 after buying an additional 105,777 shares during the period. Finally, PDT Partners LLC lifted its stake in shares of Arhaus by 50.9% during the third quarter. PDT Partners LLC now owns 15,967 shares of the company’s stock valued at $113,000 after buying an additional 5,383 shares during the period. 30.55% of the stock is currently owned by institutional investors and hedge funds.

About Arhaus

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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.