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

Arhaus, Inc. (NASDAQ:ARHS)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.59, but opened at $6.80. Arhaus shares last traded at $7.1170, with a volume of 448,039 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on ARHS shares. Stifel Nicolaus set a $12.00 price target on shares of Arhaus in a report on Monday, March 2nd. Morgan Stanley increased their price target on shares of Arhaus from $10.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Jefferies Financial Group decreased their price objective on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a report on Tuesday, April 7th. Telsey Advisory Group reduced their price target on shares of Arhaus from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, TD Cowen cut their target price on Arhaus from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.25.

Arhaus Trading Down 6.8%

The company’s 50-day moving average is $7.28 and its 200 day moving average is $9.28. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.13. The firm has a market cap of $998.58 million, a PE ratio of 14.74, a P/E/G ratio of 1.51 and a beta of 2.40.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $314.28 million during the quarter, compared to analyst estimates of $313.97 million. Arhaus had a return on equity of 17.32% and a net margin of 4.88%.Arhaus’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Arhaus, Inc. will post 0.5 EPS for the current year.

Arhaus Dividend Announcement

The company also recently announced a special dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th were paid a $0.35 dividend. The ex-dividend date was Wednesday, March 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP boosted its holdings in Arhaus by 6.8% in the 2nd quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock valued at $110,137,000 after purchasing an additional 811,337 shares during the period. Vanguard Group Inc. grew its holdings in shares of Arhaus by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,143,024 shares of the company’s stock worth $57,653,000 after purchasing an additional 72,346 shares during the last quarter. Bank of America Corp DE lifted its position in Arhaus by 9.4% during the 2nd quarter. Bank of America Corp DE now owns 3,213,288 shares of the company’s stock worth $27,859,000 after buying an additional 275,835 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Arhaus by 10.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,754,000 shares of the company’s stock valued at $19,662,000 after purchasing an additional 169,200 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Arhaus by 43.3% during the fourth quarter. UBS Group AG now owns 1,098,150 shares of the company’s stock valued at $12,310,000 after acquiring an additional 331,961 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Company Profile

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.