Arhaus (NASDAQ:ARHS) Shares Gap Down – Here’s What Happened

Arhaus, Inc. (NASDAQ:ARHS)’s share price 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 traded.

Analyst Ratings Changes

ARHS has been the topic of a number of analyst reports. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. 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 on the stock. Jefferies Financial Group increased their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Wedbush reduced their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Price Performance

The company has a market capitalization of $1.58 billion, a P/E ratio of 20.10, a PEG 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 has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $10.88.

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

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Arhaus during the third quarter worth approximately $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus in the fourth quarter valued at about $69,000. AlphaQuest LLC increased its holdings in Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after buying an additional 5,786 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Arhaus during the fourth quarter worth $99,000. Institutional investors 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.