Arhaus (NASDAQ:ARHS) Stock Price Down 8.9% - What's Next?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s share price was down 8.9% during mid-day trading on Thursday . The company traded as low as $9.89 and last traded at $9.98. Approximately 314,163 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,736,970 shares. The stock had previously closed at $10.95.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They issued a "hold" rating and a $12.00 price target for the company. Piper Sandler lowered Arhaus from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $15.00 to $12.00 in a research report on Thursday. Stifel Nicolaus lowered their price target on Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a report on Monday. Robert W. Baird raised their price objective on Arhaus from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Wedbush decreased their price objective on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.59.

Arhaus Price Performance

The company has a market capitalization of $1.26 billion, a P/E ratio of 16.02, a PEG ratio of 11.57 and a beta of 2.63. 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 business has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $10.84.

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Institutional Trading of Arhaus

Several hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake 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 worth approximately $58,000. KLP Kapitalforvaltning AS bought a new position in Arhaus in the 4th quarter worth approximately $69,000. AlphaQuest LLC increased its position in Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after acquiring an additional 5,786 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Arhaus during the 4th quarter valued at $99,000. 27.88% of the stock is currently owned by institutional investors.

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.