CenterBook Partners LP increased its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 145.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,891,457 shares of the company's stock after buying an additional 1,122,004 shares during the period. Arhaus comprises about 1.0% of CenterBook Partners LP's portfolio, making the stock its 14th biggest position. CenterBook Partners LP owned 1.35% of Arhaus worth $16,456,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ARHS. Rhumbline Advisers raised its stake in Arhaus by 3.2% during the 1st quarter. Rhumbline Advisers now owns 73,761 shares of the company's stock valued at $642,000 after acquiring an additional 2,255 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Arhaus by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after acquiring an additional 50,250 shares during the period. Stifel Financial Corp grew its holdings in shares of Arhaus by 61.0% in the 4th quarter. Stifel Financial Corp now owns 75,927 shares of the company's stock worth $714,000 after acquiring an additional 28,761 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Arhaus by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,362 shares of the company's stock worth $7,937,000 after acquiring an additional 20,457 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Arhaus in the 4th quarter worth approximately $136,000. 27.88% of the stock is owned by hedge funds and other institutional investors.
Arhaus Trading Up 3.9%
Shares of ARHS stock traded up $0.32 during mid-day trading on Thursday, hitting $8.39. 967,497 shares of the company's stock were exchanged, compared to its average volume of 1,653,771. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $17.05. The stock has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $9.45. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 5.13 and a beta of 2.56.
Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. Arhaus's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Equities analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ARHS. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 target price on shares of Arhaus in a report on Thursday, May 15th. Piper Sandler lowered their target price on Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Robert W. Baird cut Arhaus from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $13.00 to $8.50 in a report on Monday, April 7th. Loop Capital lowered their target price on Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Finally, Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $10.50.
View Our Latest Stock Analysis on ARHS
About Arhaus
(
Free Report)
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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