Arhaus (NASDAQ:ARHS) Trading Down 5.5% – Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS) shares fell 5.5% during mid-day trading on Tuesday . The company traded as low as $10.00 and last traded at $10.08. 215,556 shares were traded during trading, a decline of 83% from the average session volume of 1,292,928 shares. The stock had previously closed at $10.67.

Analyst Ratings Changes

Several research analysts recently commented on ARHS shares. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Barclays reduced their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Stock Up 1.1 %

The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 14.00 and a beta of 2.58. The firm has a fifty day moving average price of $10.20 and a 200 day moving average price of $13.43. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the firm posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Arhaus, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after purchasing an additional 463,749 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Arhaus in the 1st quarter valued at $8,326,000. Bayesian Capital Management LP bought a new position in Arhaus in the 1st quarter valued at $290,000. Janus Henderson Group PLC increased its stake in shares of Arhaus by 188.1% in the 1st quarter. Janus Henderson Group PLC now owns 44,774 shares of the company’s stock valued at $688,000 after buying an additional 29,231 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Arhaus by 66.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 98,858 shares of the company’s stock worth $1,521,000 after acquiring an additional 39,626 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.

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.