Arhaus (NASDAQ:ARHS) Stock Price Down 5.5% – Here’s Why

Arhaus, Inc. (NASDAQ:ARHSGet Free Report)’s share price fell 5.5% during trading on Tuesday . The stock 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.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Wedbush dropped their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Barclays decreased their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Craig Hallum downgraded 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 report on Tuesday, October 15th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.90.

Get Our Latest Stock Analysis on ARHS

Arhaus Stock Performance

The stock has a fifty day moving average price of $10.20 and a 200 day moving average price of $13.43. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 14.00 and a beta of 2.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARHS. Geode Capital Management LLC increased its stake in shares of Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after purchasing an additional 134,312 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Arhaus in the 3rd quarter worth approximately $236,000. Wellington Management Group LLP increased its position in Arhaus by 107.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after buying an additional 636,691 shares during the period. State Street Corp lifted its holdings in shares of Arhaus by 14.5% during the third quarter. State Street Corp now owns 930,023 shares of the company’s stock worth $11,449,000 after buying an additional 117,422 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Arhaus by 8.7% in the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after acquiring an additional 3,529 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

(Get Free Report)

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.

Further Reading

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