Arhaus (NASDAQ:ARHS) Shares Gap Down - Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $11.91, but opened at $11.07. Arhaus shares last traded at $11.81, with a volume of 242,590 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARHS. Telsey Advisory Group restated an "outperform" rating and set a $11.00 price objective on shares of Arhaus in a report on Wednesday. Wedbush lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Bank of America lowered Arhaus from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. 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, Stifel Nicolaus raised their price target on Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.82.

Arhaus Stock Up 1.6 %

The firm has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $10.85. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 11.57 and a beta of 2.63. 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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Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently made changes to their positions in ARHS. Quantbot Technologies LP bought a new position in shares of Arhaus in the 3rd quarter valued at about $43,000. BNP Paribas Financial Markets acquired a new position in Arhaus during the fourth quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new position in Arhaus in the fourth quarter valued at approximately $69,000. AlphaQuest LLC increased its position in shares of Arhaus by 190.2% during the 4th 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 bought a new stake in shares of Arhaus during the 4th quarter worth approximately $99,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.