Arhaus (NASDAQ:ARHS) Stock Price Down 6.3% - Time to Sell?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) fell 6.3% during trading on Monday . The company traded as low as $8.40 and last traded at $8.42. 162,220 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,631,231 shares. The stock had previously closed at $8.98.

Analyst Upgrades and Downgrades

ARHS has been the subject of several analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a research note on Thursday, May 15th. Wall Street Zen downgraded Arhaus from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Guggenheim dropped their price target on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley lowered their target price on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.50.

Arhaus Price Performance

The company has a market cap of $1.23 billion, a P/E ratio of 15.64, a P/E/G ratio of 11.57 and a beta of 2.63. The stock has a 50-day simple moving average of $8.21 and a 200 day simple moving average of $9.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. On average, equities analysts expect that Arhaus, Inc. will post 0.46 EPS for the current year.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Arhaus by 1,532.9% during the fourth 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 last quarter. Barclays PLC raised its holdings in Arhaus by 108.6% during the 4th quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after purchasing an additional 1,391,342 shares during the last quarter. Long Focus Capital Management LLC acquired a new position in Arhaus during the 4th quarter valued at about $10,575,000. CenterBook Partners LP boosted its stake in shares of Arhaus by 145.8% in the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after purchasing an additional 1,122,004 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Arhaus by 808.3% in the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock valued at $8,457,000 after purchasing an additional 1,026,710 shares during the last quarter. 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.