Arhaus, Inc. (NASDAQ:ARHS) Stake Trimmed by Deutsche Bank AG

Deutsche Bank AG cut its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 59.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,302 shares of the company's stock after selling 65,176 shares during the quarter. Deutsche Bank AG's holdings in Arhaus were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Divisadero Street Capital Management LP purchased a new stake in Arhaus during the fourth quarter worth about $1,340,000. Cetera Investment Advisers acquired a new position in Arhaus in the fourth quarter valued at approximately $99,000. Bank of America Corp DE grew its holdings in shares of Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $58,000. Finally, Ameriprise Financial Inc. grew its position in Arhaus by 59.9% during the 4th quarter. Ameriprise Financial Inc. now owns 202,953 shares of the company's stock worth $1,908,000 after purchasing an additional 76,030 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Performance

ARHS traded up $0.11 during trading hours on Wednesday, hitting $8.84. 1,615,900 shares of the stock were exchanged, compared to its average volume of 1,638,775. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a 50-day simple moving average of $8.21 and a 200-day simple moving average of $9.70. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Analysts anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARHS. Guggenheim cut their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered Arhaus from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Piper Sandler cut their price target on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Baird R W downgraded shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Loop Capital cut 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, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.50.

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.