Arhaus (NASDAQ:ARHS) Trading Down 8.8% - Time to Sell?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was down 8.8% during trading on Friday . The company traded as low as $8.64 and last traded at $8.56. Approximately 1,066,310 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 1,520,100 shares. The stock had previously closed at $9.38.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ARHS shares. Piper Sandler downgraded shares of Arhaus from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Robert W. Baird increased their price target on Arhaus from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Loop Capital began coverage on Arhaus in a report on Friday, January 24th. They issued a "hold" rating and a $12.00 price objective for the company. Finally, Stifel Nicolaus reduced their target price on Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Arhaus currently has an average rating of "Hold" and an average target price of $11.59.

Arhaus Stock Down 1.0 %

The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.21 billion, a P/E ratio of 15.38, a PEG ratio of 11.57 and a beta of 2.68. The stock has a 50 day moving average price of $10.80 and a 200 day moving average price of $10.46.

Remove Ads

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Arhaus by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock valued at $274,000 after acquiring an additional 984 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock valued at $404,000 after buying an additional 1,000 shares during the period. Rhumbline Advisers increased its position in Arhaus by 1.8% in the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock valued at $672,000 after buying an additional 1,231 shares in the last quarter. Legal & General Group Plc raised its stake in Arhaus by 4.3% during the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after buying an additional 1,531 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Arhaus by 7.2% in the fourth quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock valued at $446,000 after acquiring an additional 3,185 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.