Arhaus (NASDAQ:ARHS) Shares Down 5.7% – Time to Sell?

Shares of Arhaus, Inc. (NASDAQ:ARHS) were down 5.7% during trading on Wednesday . The company traded as low as $12.20 and last traded at $12.06. Approximately 46,690 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,571,459 shares. The stock had previously closed at $12.79.

Analysts Set New Price Targets

A number of analysts have commented on ARHS shares. Barclays reduced their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Wedbush reduced their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Loop Capital began coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 target price for the company. Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Finally, Piper Sandler raised their target price on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Trading Down 4.3 %

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 has a fifty day moving average price of $10.99 and a 200 day moving average price of $10.94. The company has a market capitalization of $1.72 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 12.90 and a beta of 2.63.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Arhaus in the third quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in shares of Arhaus during the fourth quarter worth about $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of Arhaus during the fourth quarter worth about $69,000. AlphaQuest LLC grew its holdings in shares of Arhaus by 190.2% during the fourth 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 fourth quarter worth about $99,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.