Arhaus (NASDAQ:ARHS) Trading Down 5.5% – What’s Next?

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARHS. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group upgraded shares of Arhaus from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $11.00 to $12.00 in a research report on Thursday, November 14th. Robert W. Baird reduced their price target on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Trading Down 6.1 %

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 $1.41 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 12.79 and a beta of 2.58. The business’s 50-day simple moving average is $10.26 and its 200-day simple moving average is $13.48.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, research analysts expect that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP increased its stake in Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after purchasing an additional 2,536,075 shares in the last quarter. American Century Companies Inc. increased its stake in Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Arhaus during the 2nd quarter worth approximately $21,034,000. Wellington Management Group LLP increased its stake in Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after purchasing an additional 636,691 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Arhaus during the 1st quarter worth approximately $8,326,000. 27.88% of the stock is owned by institutional investors.

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.