Arhaus (NASDAQ:ARHS) Stock Price Down 4.5% - Should You Sell?

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) fell 4.5% during mid-day trading on Friday . The stock traded as low as $8.98 and last traded at $9.00. 983,686 shares were traded during trading, an increase of 17% from the average session volume of 840,098 shares. The stock had previously closed at $9.42.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Bank of America cut shares of Arhaus from a "buy" rating to a "neutral" rating and cut their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Telsey Advisory Group upgraded Arhaus from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Finally, Stifel Nicolaus decreased their price target on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Arhaus presently has an average rating of "Moderate Buy" and a consensus price target of $12.90.

Arhaus Stock Performance

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 stock's fifty day moving average is $9.71 and its two-hundred day moving average is $12.05. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank bought a new position in Arhaus in the 2nd quarter valued at about $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter worth approximately $43,000. Quest Partners LLC lifted its holdings in Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC bought a new stake in Arhaus in the 3rd quarter valued at $131,000. Finally, Ground Swell Capital LLC acquired a new position in Arhaus in the 2nd quarter valued at $183,000. Institutional investors own 27.88% of the company's stock.

About Arhaus

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.