Arhaus (NASDAQ:ARHS) Stock Price Down 4.5% – Time to Sell?

Arhaus, Inc. (NASDAQ:ARHS) shares traded down 4.5% during mid-day trading on Monday . The stock traded as low as $10.07 and last traded at $10.07. 348,757 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,274,707 shares. The stock had previously closed at $10.55.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Wedbush lowered 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 raised shares of Arhaus from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $12.00 in a report on Thursday, November 14th. Stifel Nicolaus dropped their price target on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Barclays dropped their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Stock Down 7.5 %

The firm’s fifty day moving average is $9.75 and its 200-day moving average is $12.76. The company has a market capitalization of $1.32 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

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). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same period in the previous year, the firm posted $0.14 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Arhaus, Inc. will post 0.42 EPS for the current year.

Institutional Trading of Arhaus

A number of hedge funds have recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Arhaus in the second quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Arhaus in the 3rd quarter valued at about $43,000. Quest Partners LLC increased its stake in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Arhaus in the third quarter valued at about $131,000. Finally, Ground Swell Capital LLC bought a new position in shares of Arhaus during the second quarter worth about $183,000. 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.