Arhaus, Inc. (NASDAQ:ARHS) Holdings Lifted by Acuitas Investments LLC

Acuitas Investments LLC increased its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 35.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 483,670 shares of the company's stock after acquiring an additional 127,799 shares during the quarter. Arhaus comprises 3.6% of Acuitas Investments LLC's holdings, making the stock its 5th largest holding. Acuitas Investments LLC owned about 0.34% of Arhaus worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Arhaus by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock valued at $274,000 after purchasing an additional 984 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock valued at $672,000 after buying an additional 1,231 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Arhaus by 4.3% in the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after purchasing an additional 1,531 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Arhaus by 7.2% during the 4th quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock worth $446,000 after acquiring an additional 3,185 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in shares of Arhaus by 28.2% during the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock worth $146,000 after acquiring an additional 3,410 shares during the period. Institutional investors own 27.88% of the company's stock.

Arhaus Stock Performance

ARHS stock traded down $0.08 on Friday, hitting $9.47. The company had a trading volume of 1,440,780 shares, compared to its average volume of 1,621,710. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $17.27. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 5.91 and a beta of 2.56. The stock's 50-day simple moving average is $8.59 and its 200 day simple moving average is $9.48.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The firm had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. As a group, equities research analysts expect that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ARHS shares. Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Piper Sandler reduced their price target on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stifel Nicolaus dropped their price target on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 price objective on shares of Arhaus in a research report on Thursday, May 15th. Finally, Raymond James Financial started coverage on shares of Arhaus in a research note on Monday, June 9th. They set a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.