Bank of New York Mellon Corp Acquires New Holdings in Arhaus, Inc. $ARHS

Bank of New York Mellon Corp acquired a new position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,932 shares of the company's stock, valued at approximately $1,582,000. Bank of New York Mellon Corp owned 0.13% of Arhaus as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARHS. Larson Financial Group LLC raised its position in shares of 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 buying an additional 1,315 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Arhaus during the third quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new stake in Arhaus in the fourth quarter worth approximately $39,000. Quarry LP lifted its position in Arhaus by 203.0% in the third quarter. Quarry LP now owns 4,996 shares of the company's stock worth $53,000 after purchasing an additional 3,347 shares during the period. Finally, Fifth Third Bancorp bought a new position in Arhaus during the 1st quarter valued at $40,000. Institutional investors own 27.88% of the company's stock.

Arhaus Stock Performance

Arhaus stock opened at $8.41 on Thursday. The firm's 50 day simple moving average is $8.51 and its 200-day simple moving average is $7.61. The company has a market cap of $1.19 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.68 and a beta of 2.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. Arhaus, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $12.08.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.12. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The business had revenue of $384.90 million for the quarter, compared to analyst estimates of $365.66 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Arhaus, Inc. will post 0.54 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARHS shares. Robert W. Baird set a $10.00 price target on Arhaus in a research report on Friday, August 7th. Telsey Advisory Group raised their target price on Arhaus from $8.00 to $10.00 and gave the company a "market perform" rating in a research note on Friday, August 7th. Weiss Ratings raised Arhaus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of Arhaus from a "sell" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Morgan Stanley upped their price target on shares of Arhaus from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.12.

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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