Arhaus (NASDAQ:ARHS) Trading Down 8.9% – Here’s Why

Arhaus, Inc. (NASDAQ:ARHS)’s share price was down 8.9% during mid-day trading on Thursday . The company traded as low as $9.89 and last traded at $9.98. Approximately 314,163 shares were traded during trading, a decline of 82% from the average daily volume of 1,736,970 shares. The stock had previously closed at $10.95.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Wednesday. Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Thursday. Finally, Loop Capital started coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arhaus presently has an average rating of “Hold” and a consensus price target of $11.82.

Arhaus Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 11.57 and a beta of 2.63. The stock’s 50 day moving average is $11.19 and its 200 day moving average is $10.86.

Institutional Trading of Arhaus

Several large investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its stake in Arhaus by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock valued at $4,675,000 after buying an additional 226,017 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after acquiring an additional 32,077 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Arhaus during the third quarter valued at $202,000. Principal Financial Group Inc. purchased a new stake in Arhaus during the 3rd quarter worth about $814,000. Finally, Privium Fund Management B.V. raised its stake in Arhaus by 34.7% in the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock valued at $268,000 after purchasing an additional 5,600 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.