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

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ARHS shares. Wall Street Zen downgraded shares of Arhaus from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Baird R W cut shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Guggenheim cut their price objective on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Morgan Stanley reduced their target price on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Finally, Robert W. Baird downgraded Arhaus from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.50.

Arhaus Stock Performance

The firm has a market cap of $1.25 billion, a PE ratio of 15.79, a P/E/G ratio of 11.57 and a beta of 2.65. The stock has a 50-day moving average price of $8.21 and a 200 day moving average price of $9.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

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

Institutional Investors Weigh In On Arhaus

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus in the 4th quarter worth $69,000. AlphaQuest LLC boosted its holdings in Arhaus by 190.2% in the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after acquiring an additional 5,786 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Arhaus during the fourth quarter valued at about $99,000. Finally, Stephens Inc. AR purchased a new stake in Arhaus during the fourth quarter valued at about $109,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

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.