Arhaus (NASDAQ:ARHS) Trading Down 8.8% – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS)’s share price was down 8.8% during trading on Friday . The stock traded as low as $8.64 and last traded at $8.56. Approximately 1,066,310 shares traded hands during trading, a decline of 30% from the average daily volume of 1,520,100 shares. The stock had previously closed at $9.38.

Analysts Set New Price Targets

Several analysts have weighed in on ARHS shares. Loop Capital started coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Stifel Nicolaus cut their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 3rd. Jefferies Financial Group increased their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Piper Sandler downgraded shares of 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 report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.59.

Arhaus Trading Down 8.6 %

The firm’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $10.48. The firm has a market capitalization of $1.20 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in Arhaus in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in Arhaus during the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS bought a new stake in Arhaus during the 4th quarter valued at $69,000. AlphaQuest LLC boosted its position 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 4th quarter worth $99,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

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.