Arhaus (NASDAQ:ARHS) Trading Down 5.7% - Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was down 5.7% during trading on Wednesday . The company traded as low as $12.20 and last traded at $12.06. Approximately 46,690 shares were traded during trading, a decline of 97% from the average daily volume of 1,571,459 shares. The stock had previously closed at $12.79.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARHS. Telsey Advisory Group restated an "outperform" rating and issued a $11.00 price objective on shares of Arhaus in a report on Friday, January 10th. Stifel Nicolaus boosted their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Piper Sandler raised their price objective on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Jefferies Financial Group boosted their target price on Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday, January 10th. Finally, Wedbush dropped their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.18.

Arhaus Trading Down 7.2 %

The firm has a market cap of $1.59 billion, a PE ratio of 20.18, a PEG ratio of 12.82 and a beta of 2.63. The firm has a fifty day simple moving average of $11.07 and a two-hundred day simple moving average of $10.95. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. Bank of America Corp DE increased its position in 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 valued at $23,480,000 after purchasing an additional 2,672,239 shares during the period. Wasatch Advisors LP increased its position in shares of Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company's stock valued at $148,455,000 after buying an additional 2,536,075 shares during the period. JPMorgan Chase & Co. increased its position in shares of Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock valued at $24,155,000 after buying an additional 1,859,398 shares during the period. Barclays PLC raised its stake in Arhaus by 108.6% in the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after buying an additional 1,391,342 shares in the last quarter. Finally, Long Focus Capital Management LLC purchased a new stake in Arhaus in the fourth quarter worth about $10,575,000. Hedge funds and other 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.