Ameriprise Financial Inc. Buys 76,030 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Ameriprise Financial Inc. raised its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 59.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,953 shares of the company's stock after acquiring an additional 76,030 shares during the quarter. Ameriprise Financial Inc. owned about 0.14% of Arhaus worth $1,908,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in Arhaus during the fourth quarter worth $69,000. AlphaQuest LLC increased its holdings in shares of Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after acquiring an additional 5,786 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Arhaus in the 4th quarter valued at approximately $109,000. Freestone Grove Partners LP acquired a new stake in Arhaus in the 4th quarter worth approximately $113,000. Finally, Mariner LLC bought a new stake in Arhaus during the fourth quarter worth approximately $120,000. 27.88% of the stock is owned by institutional investors.

Arhaus Stock Performance

Shares of NASDAQ:ARHS traded up $0.11 during trading on Wednesday, hitting $8.84. 1,615,900 shares of the stock were exchanged, compared to its average volume of 1,638,775. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81. The company's fifty day simple moving average is $8.21 and its 200-day simple moving average is $9.70.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. Sell-side analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ARHS. Robert W. Baird lowered shares of Arhaus from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Guggenheim dropped their target price on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Telsey Advisory Group restated a "market perform" rating and set a $10.00 price target on shares of Arhaus in a report on Thursday, May 15th. Piper Sandler dropped their price objective on Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen cut Arhaus from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Arhaus currently has an average rating of "Hold" and an average target price of $10.50.

Arhaus Company 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.