Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 934,333 shares of the company's stock after buying an additional 30,649 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.66% of Arhaus worth $8,129,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in 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 valued at $23,480,000 after purchasing an additional 2,672,239 shares in the last quarter. Barclays PLC lifted its holdings in Arhaus by 108.6% during the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock valued at $1,038,000 after purchasing an additional 1,391,342 shares in the last quarter. Long Focus Capital Management LLC purchased a new position in Arhaus during the fourth quarter valued at approximately $10,575,000. Jane Street Group LLC lifted its holdings in shares of Arhaus by 808.3% in the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock worth $8,457,000 after buying an additional 1,026,710 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Arhaus by 944.2% in the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after buying an additional 1,017,316 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Guggenheim lowered 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. Raymond James Financial began coverage on shares of Arhaus in a research report on Monday, June 9th. They issued a "market perform" rating on the stock. Morgan Stanley cut their price objective on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Piper Sandler cut their price objective on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Arhaus from a "sell" rating to a "hold" rating in a research report on Saturday. 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.com, Arhaus has an average rating of "Hold" and an average price target of $10.50.
Read Our Latest Stock Analysis on Arhaus
Arhaus Stock Down 7.3%
NASDAQ:ARHS traded down $0.64 during mid-day trading on Tuesday, reaching $8.15. The company's stock had a trading volume of 1,930,111 shares, compared to its average volume of 1,647,787. The firm has a market capitalization of $1.15 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 5.79 and a beta of 2.56. The stock has a fifty day moving average of $8.70 and a 200-day moving average of $9.48. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $17.27. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15.
Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $314.76 million. Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Equities research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current year.
About Arhaus
(
Free Report)
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.
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