Arhaus (NASDAQ:ARHS) Trading Down 16.8% – Here’s Why

Arhaus, Inc. (NASDAQ:ARHS) fell 16.8% during trading on Thursday . The company traded as low as $7.52 and last traded at $7.34. 246,809 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,515,272 shares. The stock had previously closed at $8.82.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ARHS shares. Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Loop Capital assumed coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Stifel Nicolaus dropped their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group lifted their price target on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Finally, Robert W. Baird increased their price objective on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.59.

Arhaus Trading Up 9.8 %

The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.37. The firm has a market cap of $1.09 billion, a PE ratio of 13.84, a P/E/G ratio of 11.57 and a beta of 2.68.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after acquiring an additional 50,250 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after purchasing an additional 627,952 shares during the period. Bank of America Corp DE grew its stake in shares of Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the period. Emerald Advisers LLC increased its holdings in shares of Arhaus by 18.7% in the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after purchasing an additional 256,887 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Arhaus by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock valued at $14,894,000 after purchasing an additional 120,582 shares during the period. Institutional investors and hedge funds 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.