Arhaus (NASDAQ:ARHS) Trading Down 8.8% – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS)’s share price dropped 8.8% during mid-day trading on Friday . The stock traded as low as $8.64 and last traded at $8.56. Approximately 1,066,310 shares traded hands during 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

A number of equities analysts recently commented on ARHS shares. Loop Capital initiated coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective on the stock. Stifel Nicolaus decreased their target price on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 3rd. Piper Sandler downgraded 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 report on Thursday, February 27th. Jefferies Financial Group raised their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Arhaus has a consensus rating of “Hold” and an average price target of $11.59.

Arhaus Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.50.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Arhaus by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock valued at $13,163,000 after acquiring an additional 168,800 shares during the period. Paradigm Capital Management Inc. NY acquired a new stake in shares of Arhaus in the 4th quarter valued at $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arhaus by 30.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock worth $675,000 after purchasing an additional 16,620 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of Arhaus by 28.2% during the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock worth $146,000 after purchasing an additional 3,410 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Arhaus during the 4th quarter valued at about $136,000. 27.88% of the stock is 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.