Emerald Advisers LLC Acquires 38,674 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Emerald Advisers LLC lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,667,128 shares of the company's stock after acquiring an additional 38,674 shares during the quarter. Emerald Advisers LLC owned 1.19% of Arhaus worth $14,504,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARHS. New York State Common Retirement Fund lifted its holdings in shares of Arhaus by 69.8% in the first quarter. New York State Common Retirement Fund now owns 103,606 shares of the company's stock valued at $901,000 after purchasing an additional 42,601 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Arhaus by 24.9% during the first quarter. Arizona State Retirement System now owns 14,525 shares of the company's stock worth $126,000 after acquiring an additional 2,899 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Arhaus by 3.4% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 934,333 shares of the company's stock valued at $8,129,000 after buying an additional 30,649 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Arhaus by 34.6% during the first quarter. Envestnet Asset Management Inc. now owns 77,151 shares of the company's stock valued at $671,000 after buying an additional 19,842 shares in the last quarter. Finally, Acuitas Investments LLC raised its holdings in Arhaus by 35.9% during the first quarter. Acuitas Investments LLC now owns 483,670 shares of the company's stock valued at $4,208,000 after buying an additional 127,799 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

Arhaus Stock Down 1.0%

NASDAQ ARHS traded down $0.08 on Wednesday, reaching $8.07. The company had a trading volume of 2,391,452 shares, compared to its average volume of 1,653,734. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 5.53 and a beta of 2.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 1.26. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $17.27. The company's fifty day moving average is $8.72 and its 200-day moving average is $9.46.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its 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 return on equity of 17.36% and a net margin of 4.53%. Arhaus's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARHS has been the topic of several research analyst reports. Guggenheim lowered their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Piper Sandler cut their price target on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wall Street Zen upgraded shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus dropped their price objective on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Loop Capital lowered their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday, May 9th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.