Arhaus (NASDAQ:ARHS) Reaches New 1-Year Low - Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.22 and last traded at $8.38, with a volume of 63824 shares trading hands. The stock had previously closed at $8.57.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler downgraded Arhaus from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Jefferies Financial Group raised their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Loop Capital assumed coverage on shares of Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 target price for the company. Telsey Advisory Group restated an "outperform" rating and issued a $11.00 price target on shares of Arhaus in a research report on Wednesday, February 26th. Finally, Robert W. Baird upped their price objective on shares of Arhaus from $12.00 to $13.00 and gave the company an "outperform" rating in a research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.59.

Arhaus Stock Up 2.4 %

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The firm has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

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Hedge Funds Weigh In On Arhaus

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Arhaus in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new position in Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS acquired a new position in Arhaus in the fourth quarter worth $69,000. AlphaQuest LLC grew its holdings in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after purchasing an additional 5,786 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Arhaus in the fourth quarter valued at $99,000. 27.88% of the stock is owned by 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.