Arhaus (NASDAQ:ARHS) Stock Price Down 5.7% – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS) shares were down 5.7% 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ARHS shares. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Wedbush cut 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 started coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price objective for the company. Jefferies Financial Group increased their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Finally, Barclays cut 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. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Stock Performance

The firm’s 50 day simple moving average is $11.07 and its 200-day simple moving average is $10.95. 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 company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 12.82 and a beta of 2.63.

Institutional Trading of Arhaus

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Arhaus by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock worth $274,000 after acquiring an additional 984 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Arhaus by 2.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers boosted its holdings in Arhaus by 1.8% in the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after purchasing an additional 1,231 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Arhaus by 4.3% in the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after purchasing an additional 1,531 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

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.