Acuitas Investments LLC Acquires 127,799 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Acuitas Investments LLC boosted its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 35.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 483,670 shares of the company's stock after purchasing an additional 127,799 shares during the period. Arhaus comprises 3.6% of Acuitas Investments LLC's portfolio, making the stock its 5th largest position. Acuitas Investments LLC owned 0.34% of Arhaus worth $4,208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of Arhaus during the fourth quarter worth about $58,000. KLP Kapitalforvaltning AS bought a new position in Arhaus during the 4th quarter worth approximately $69,000. AlphaQuest LLC grew its position in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after acquiring an additional 5,786 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Arhaus by 1,158.4% in the 1st quarter. GAMMA Investing LLC now owns 9,614 shares of the company's stock valued at $840,000 after acquiring an additional 8,850 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Arhaus during the 4th quarter valued at approximately $99,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Price Performance

Arhaus stock traded up $0.32 during mid-day trading on Wednesday, hitting $9.55. The company's stock had a trading volume of 1,062,740 shares, compared to its average volume of 1,612,781. The stock has a market capitalization of $1.35 billion, a P/E ratio of 23.29, a P/E/G ratio of 5.45 and a beta of 2.57. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $17.27. The stock's fifty day moving average price is $8.51 and its two-hundred day moving average price is $9.49. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The company had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARHS. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 target price on shares of Arhaus in a report on Thursday, May 15th. Morgan Stanley lowered their target price on Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Loop Capital lowered their price objective on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Finally, Raymond James Financial began coverage on Arhaus in a research report on Monday, June 9th. They issued a "market perform" rating on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Arhaus presently has a consensus rating of "Hold" and an average price target of $10.50.

Arhaus 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.