Arhaus (NASDAQ:ARHS) Shares Down 8.8% – Should You Sell?

Arhaus, Inc. (NASDAQ:ARHS) fell 8.8% on Friday . The stock traded as low as $8.64 and last traded at $8.56. 1,066,310 shares were traded during trading, a decline of 30% from the average session volume of 1,520,100 shares. The stock had previously closed at $9.38.

Analyst Ratings Changes

A number of analysts have recently weighed in on ARHS shares. Stifel Nicolaus reduced their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Robert W. Baird boosted their price target on Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price target on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Loop Capital started coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arhaus has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Stock Down 8.6 %

The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.20 billion, a PE ratio of 15.30, a PEG ratio of 11.57 and a beta of 2.68. The company’s fifty day moving average is $10.86 and its 200-day moving average is $10.48.

Institutional Trading of Arhaus

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Arhaus during the 3rd quarter valued at about $43,000. BNP Paribas Financial Markets bought a new stake in Arhaus during the fourth quarter valued at approximately $58,000. KLP Kapitalforvaltning AS bought a new stake in Arhaus during the fourth quarter valued at approximately $69,000. AlphaQuest LLC increased its holdings in Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after buying an additional 5,786 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Arhaus in the fourth quarter worth approximately $99,000. 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.