Arhaus, Inc. (ARHS) saw its stock price plummet by 5.19% during Tuesday's intraday trading session. The sharp decline followed the release of a new analyst rating from a major financial institution.

Bank of America Securities analyst Robert Ohmes reiterated a Hold rating on Arhaus and set a price target of $11.00. The Hold rating suggests the analyst believes the stock is fairly valued at current levels with limited near-term upside potential, which may have prompted some investors to sell their positions.