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

Emerald Advisers LLC grew its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 also recently modified their holdings of the business. New York State Common Retirement Fund increased 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 worth $901,000 after acquiring an additional 42,601 shares in the last quarter. Arizona State Retirement System boosted its position 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 buying an additional 2,899 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of Arhaus by 3.4% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 934,333 shares of the company's stock worth $8,129,000 after buying an additional 30,649 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Arhaus by 34.6% during the first quarter. Envestnet Asset Management Inc. now owns 77,151 shares of the company's stock worth $671,000 after buying an additional 19,842 shares during the period. Finally, Acuitas Investments LLC boosted its position in shares of Arhaus by 35.9% during the first quarter. Acuitas Investments LLC now owns 483,670 shares of the company's stock worth $4,208,000 after buying an additional 127,799 shares during the period. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Performance

NASDAQ:ARHS traded down $0.20 on Friday, hitting $9.21. The company's stock had a trading volume of 1,810,347 shares, compared to its average volume of 1,639,497. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $8.70 and a two-hundred day moving average of $9.48. The firm has a market capitalization of $1.30 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 5.79 and a beta of 2.56. Arhaus, Inc. has a one year low of $6.61 and a one year high of $17.27.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARHS. Morgan Stanley reduced their price objective on Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Wall Street Zen raised Arhaus from a "sell" rating to a "hold" rating in a research report on Saturday. Guggenheim reduced their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $10.00 price target on shares of Arhaus in a research report on Thursday, May 15th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Arhaus has a consensus rating of "Hold" and a consensus 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.