Arhaus (NASDAQ:ARHS) Sets New 1-Year Low – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.22 and last traded at $8.38, with a volume of 63824 shares traded. The stock had previously closed at $8.57.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARHS shares. Robert W. Baird lifted their price target on shares of Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Piper Sandler cut Arhaus from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price objective on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.59.

Arhaus Price Performance

The company’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $10.48. 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 market capitalization of $1.22 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 11.57 and a beta of 2.68.

Institutional Investors Weigh In On Arhaus

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in shares of Arhaus by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock worth $13,163,000 after purchasing an additional 168,800 shares during the period. Paradigm Capital Management Inc. NY bought a new stake in shares of Arhaus during the 4th quarter valued at $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Arhaus by 30.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock worth $675,000 after purchasing an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Arhaus by 28.2% in the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock worth $146,000 after purchasing an additional 3,410 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Arhaus in the fourth quarter valued at about $136,000. 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.