Arhaus (NASDAQ:ARHS) Trading Down 8.9% – Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS)’s stock price was down 8.9% during trading on Thursday . The company traded as low as $9.89 and last traded at $9.98. Approximately 314,163 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,736,970 shares. The stock had previously closed at $10.95.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ARHS shares. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Thursday. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus presently has an average rating of “Hold” and an average target price of $11.82.

Arhaus Stock Up 1.6 %

The firm’s 50-day moving average price is $11.19 and its 200-day moving average price is $10.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63.

Institutional Trading of Arhaus

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its position in shares of Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares during the period. Vanguard Group Inc. lifted its position in Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after acquiring an additional 50,250 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Arhaus by 32.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after acquiring an additional 627,952 shares during the period. Bank of America Corp DE boosted its holdings in Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after acquiring an additional 2,672,239 shares during the period. Finally, Emerald Advisers LLC raised its stake in shares of Arhaus by 18.7% during the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after purchasing an additional 256,887 shares during the period. 27.88% of the stock is currently 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.