Arhaus (NASDAQ:ARHS) Shares Gap Down – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS) gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Wedbush lowered their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Barclays cut their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Stock Performance

The stock has a market capitalization of $1.58 billion, a PE ratio of 20.10, a price-to-earnings-growth 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’s fifty day moving average is $11.16 and its two-hundred day moving average is $10.88.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Wednesday, February 26th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. As a group, research analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares during the period. Vanguard Group Inc. raised its position in Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock valued at $47,589,000 after purchasing an additional 50,250 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Arhaus by 32.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after buying an additional 627,952 shares during the period. Bank of America Corp DE increased its holdings in Arhaus by 1,532.9% in the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock valued at $23,480,000 after buying an additional 2,672,239 shares during the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of Arhaus by 18.7% in the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after purchasing an additional 256,887 shares during the last quarter. 27.88% of the stock is 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.