Arhaus (NASDAQ:ARHS) Stock Price Down 16.8% – Here’s Why

Arhaus, Inc. (NASDAQ:ARHS) shares were down 16.8% during trading on Thursday . The stock traded as low as $7.52 and last traded at $7.34. Approximately 246,809 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,515,272 shares. The stock had previously closed at $8.82.

Wall Street Analysts Forecast Growth

ARHS has been the topic of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Loop Capital started coverage on shares of Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Finally, Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Trading Down 15.1 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm has a market capitalization of $1.05 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The stock’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.42.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Arhaus by 1,532.9% during 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 period. JPMorgan Chase & Co. grew its stake in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Barclays PLC raised its holdings 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 purchasing an additional 1,391,342 shares in the last quarter. Long Focus Capital Management LLC purchased a new stake in shares of Arhaus during the fourth quarter valued at about $10,575,000. Finally, Jane Street Group LLC boosted its holdings in shares of Arhaus by 808.3% in the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company’s stock valued at $8,457,000 after buying an additional 1,026,710 shares in the last quarter. 27.88% of the stock is 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.