Arhaus (NASDAQ:ARHS) Shares Down 5.7% – Time to Sell?

Shares of Arhaus, Inc. (NASDAQ:ARHS) dropped 5.7% during trading on Wednesday . The stock traded as low as $12.20 and last traded at $12.06. Approximately 46,690 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,571,459 shares. The stock had previously closed at $12.79.

Analysts Set New Price Targets

ARHS has been the topic of several analyst reports. Loop Capital initiated coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Barclays decreased their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Piper Sandler upped their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Trading Down 4.3 %

The stock has a market capitalization of $1.72 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 12.90 and a beta of 2.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $10.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ARHS. Quantbot Technologies LP purchased a new position in shares of Arhaus in the 3rd quarter valued at approximately $43,000. BNP Paribas Financial Markets purchased a new position in Arhaus during the fourth quarter valued at $58,000. KLP Kapitalforvaltning AS purchased a new position in Arhaus during the fourth quarter valued at $69,000. AlphaQuest LLC raised its stake in Arhaus by 190.2% during the fourth 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 last quarter. Finally, Cetera Investment Advisers purchased a new position in Arhaus during the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.