Algert Global LLC Acquires 145,660 Shares of Arhaus, Inc. $ARHS

Key Points

• Algert Global LLC increased its holdings in Arhaus, Inc. by 272.9% in Q1, owning 199,042 shares worth approximately $1.73 million.
• Arhaus reported a quarterly net margin of 5.33% and a revenue of $358.44 million for the quarter, exceeding analyst estimates.
• The stock has a current average rating of "Hold" with a price target of $10.83, as rated by multiple analysts.

Algert Global LLC raised its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 272.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,042 shares of the company's stock after acquiring an additional 145,660 shares during the quarter. Algert Global LLC owned approximately 0.14% of Arhaus worth $1,732,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the period. CenterBook Partners LP boosted its position in shares of Arhaus by 145.8% during the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after purchasing an additional 1,122,004 shares in the last quarter. Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% in the first quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company's stock worth $14,504,000 after buying an additional 38,674 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Arhaus by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company's stock worth $13,163,000 after buying an additional 168,800 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Arhaus by 17.8% in the first quarter. American Century Companies Inc. now owns 1,184,953 shares of the company's stock worth $10,309,000 after purchasing an additional 179,042 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ARHS has been the topic of several recent research reports. Piper Sandler reaffirmed a "neutral" rating and set a $11.00 price objective (up previously from $9.00) on shares of Arhaus in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Arhaus from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Cowen reaffirmed a "buy" rating on shares of Arhaus in a research report on Friday, August 8th. Guggenheim cut their price objective on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price objective on shares of Arhaus in a research report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Arhaus has a consensus rating of "Hold" and an average price target of $10.83.

Arhaus Stock Performance

ARHS traded up $0.17 during trading on Wednesday, reaching $11.99. 1,427,462 shares of the company's stock were exchanged, compared to its average volume of 2,457,309. The company has a market capitalization of $1.69 billion, a P/E ratio of 23.98, a PEG ratio of 6.73 and a beta of 2.56. The business has a 50 day moving average price of $9.94 and a 200 day moving average price of $9.35. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $13.97. The company has a quick ratio of 0.61, a current ratio of 1.33 and a debt-to-equity ratio of 0.14.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The company had revenue of $358.44 million during the quarter, compared to analysts' expectations of $333.39 million. Arhaus had a return on equity of 20.08% and a net margin of 5.33%.The business's revenue was up 15.6% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

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.