Arhaus (NASDAQ:ARHS) Shares Down 4.5% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ARHS shares. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Bank of America cut 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 note on Thursday, November 7th. Barclays decreased their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, Telsey Advisory Group raised Arhaus from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Stock Down 6.0 %

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 stock has a fifty day moving average price of $9.77 and a two-hundred day moving average price of $12.88. The company has a market cap of $1.39 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58.

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 net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same quarter in the prior year, the business earned $0.14 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts expect that Arhaus, Inc. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARHS. Geode Capital Management LLC lifted its holdings in Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after acquiring an additional 134,312 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Arhaus during the third quarter worth $236,000. Wellington Management Group LLP lifted its holdings in Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after acquiring an additional 636,691 shares during the period. State Street Corp lifted its holdings in 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 acquiring an additional 117,422 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after acquiring an additional 3,529 shares during the period. 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.