Harbor Capital Advisors Inc. Increases Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Harbor Capital Advisors Inc. raised its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,281 shares of the company's stock after acquiring an additional 139,985 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.48% of Arhaus worth $5,892,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARHS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Arhaus by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock worth $274,000 after acquiring an additional 984 shares during the period. Rhumbline Advisers raised its position in Arhaus by 1.8% during the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock valued at $672,000 after purchasing an additional 1,231 shares in the last quarter. Legal & General Group Plc lifted its stake in Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after purchasing an additional 1,531 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Arhaus by 7.2% during the fourth quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock worth $446,000 after purchasing an additional 3,185 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Arhaus by 28.2% in the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock valued at $146,000 after purchasing an additional 3,410 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on ARHS shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a research note on Thursday, May 15th. Raymond James assumed coverage on shares of Arhaus in a research note on Monday, June 9th. They issued a "market perform" rating on the stock. Wall Street Zen cut shares of Arhaus from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Loop Capital decreased their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus currently has an average rating of "Hold" and a consensus price target of $10.50.

Arhaus Stock Down 3.1%

ARHS stock traded down $0.27 during trading on Friday, reaching $8.43. The stock had a trading volume of 1,517,948 shares, compared to its average volume of 1,637,343. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 11.57 and a beta of 2.63. Arhaus, Inc. has a one year low of $6.61 and a one year high of $19.06. The company's 50 day moving average is $8.31 and its two-hundred day moving average is $9.65.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results 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 6.18% and a return on equity of 24.92%. The business had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Arhaus, Inc. will post 0.46 EPS for the current year.

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.