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

Arhaus, Inc. (NASDAQ:ARHS) traded down 5.5% during mid-day trading on Tuesday . The company traded as low as $10.00 and last traded at $10.08. 215,556 shares were traded 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

A number of analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. TD Cowen reduced their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Robert W. Baird reduced their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Wedbush reduced their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Price Performance

The stock’s 50-day moving average is $10.26 and its 200-day moving average is $13.48. The firm has a market cap of $1.41 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 12.79 and a beta of 2.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business 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 company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that Arhaus, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Arhaus in the 2nd quarter worth about $30,000. Soros Capital Management LLC grew its holdings in shares of Arhaus by 18.2% in the 3rd quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after purchasing an additional 3,358 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Arhaus in the 3rd quarter worth about $43,000. Institutional investors own 27.88% of the company’s stock.

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.