Arrowstreet Capital Limited Partnership Raises Position in Arhaus, Inc. $ARHS

Arrowstreet Capital Limited Partnership lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 95.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,025 shares of the company's stock after buying an additional 223,692 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.33% of Arhaus worth $3,112,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in Arhaus by 89.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company's stock worth $30,000 after acquiring an additional 1,315 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Arhaus by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company's stock valued at $265,000 after purchasing an additional 1,326 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Arhaus by 4.6% during the fourth quarter. Deutsche Bank AG now owns 39,447 shares of the company's stock valued at $442,000 after purchasing an additional 1,725 shares in the last quarter. Virtu Financial LLC boosted its holdings in Arhaus by 19.2% during the third quarter. Virtu Financial LLC now owns 13,402 shares of the company's stock worth $142,000 after purchasing an additional 2,161 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Arhaus by 20.9% in the 4th quarter. AQR Capital Management LLC now owns 12,993 shares of the company's stock worth $146,000 after purchasing an additional 2,245 shares in the last quarter. Institutional investors own 27.88% of the company's stock.

Arhaus Stock Up 4.8%

ARHS opened at $8.28 on Wednesday. Arhaus, Inc. has a 12 month low of $5.57 and a 12 month high of $12.98. The company has a market cap of $1.17 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 3.18 and a beta of 2.29. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $7.49 and a 200 day moving average of $7.80.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The business had revenue of $314.28 million for the quarter, compared to analysts' expectations of $313.97 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business's revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Arhaus, Inc. will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen cut their price target on shares of Arhaus from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, May 11th. Piper Sandler lowered their price objective on shares of Arhaus from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group dropped their target price on shares of Arhaus from $9.50 to $7.25 and set a "hold" rating on the stock in a research note on Tuesday, April 7th. Robert W. Baird set a $8.00 target price on shares of Arhaus in a research report on Friday, May 8th. Finally, Stifel Nicolaus decreased their price target on shares of Arhaus from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.58.

Arhaus Company Profile

Arhaus NASDAQ: ARHS is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.

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