Harbor Capital Advisors Inc. Has $5.89 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Harbor Capital Advisors Inc. grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 26.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 677,281 shares of the company's stock after purchasing 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 reporting period.

A number of other large investors have also made changes to their positions in ARHS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 purchasing an additional 984 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Arhaus by 1.8% in 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 during the period. Legal & General Group Plc increased its holdings in Arhaus by 4.3% during the 4th 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 raised its stake in shares of Arhaus by 7.2% in the 4th quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock valued at $446,000 after purchasing an additional 3,185 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in Arhaus by 28.2% in the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock worth $146,000 after purchasing an additional 3,410 shares during the period. Hedge funds and other institutional investors own 27.88% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARHS shares. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Morgan Stanley lowered their target price on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus decreased their target price 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. Piper Sandler dropped their target price on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Guggenheim reduced their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.50.

Arhaus Trading Down 1.8%

Shares of Arhaus stock traded down $0.16 on Thursday, hitting $8.62. 358,293 shares of the company's stock traded hands, compared to its average volume of 1,630,200. The firm's 50-day moving average price is $8.27 and its two-hundred day moving average price is $9.68. Arhaus, Inc. has a one year low of $6.61 and a one year high of $19.80. The stock has a market capitalization of $1.21 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued 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). The company had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal 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.