Arhaus (NASDAQ:ARHS) Stock Price Down 2.6% – Here’s Why

Arhaus, Inc. (NASDAQ:ARHS) shares traded down 2.6% during trading on Thursday . The company traded as low as $9.31 and last traded at $9.32. 375,701 shares traded hands during trading, a decline of 71% from the average session volume of 1,276,128 shares. The stock had previously closed at $9.57.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Barclays decreased their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus dropped their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Stock Performance

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 14.78 and a beta of 2.58. The company’s fifty day simple moving average is $9.66 and its two-hundred day simple moving average is $12.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARHS. Amalgamated Bank bought a new position in Arhaus during the 2nd quarter valued at $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter valued at about $43,000. Quest Partners LLC boosted its holdings in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC bought a new stake in Arhaus in the 3rd quarter worth about $131,000. Finally, Ground Swell Capital LLC purchased a new stake in Arhaus in the 2nd quarter valued at about $183,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.