Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,333 shares of the company's stock after acquiring an additional 30,649 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.66% of Arhaus worth $8,129,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ARHS. Bank of America Corp DE raised its holdings in Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after buying an additional 2,672,239 shares during the period. Barclays PLC raised its stake in Arhaus by 108.6% during the 4th 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 during the period. Long Focus Capital Management LLC acquired a new stake in shares of Arhaus in the fourth quarter worth $10,575,000. Jane Street Group LLC grew its holdings in shares of Arhaus by 808.3% during the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock valued at $8,457,000 after buying an additional 1,026,710 shares in the last quarter. Finally, Signaturefd LLC raised its position in Arhaus by 944.2% during the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock valued at $10,576,000 after buying an additional 1,017,316 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ARHS shares. Morgan Stanley reduced their price target on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Robert W. Baird downgraded Arhaus from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $13.00 to $8.50 in a research note on Monday, April 7th. Stifel Nicolaus cut their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price target on shares of Arhaus in a report on Thursday, May 15th. Finally, Loop Capital dropped their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.50.

Arhaus Stock Down 2.1%

NASDAQ:ARHS opened at $9.21 on Friday. The stock's fifty day moving average price is $8.70 and its two-hundred day moving average price is $9.48. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 5.92 and a beta of 2.56. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $17.27. 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 (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The company had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. During the same quarter in the prior year, the company posted $0.11 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

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.

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