EFG Asset Management North America Corp. Buys New Stake in Arhaus, Inc. $ARHS

Key Points

• EFG Asset Management North America Corp. acquired a new stake in Arhaus, Inc., purchasing 206,175 shares valued at approximately $1.8 million, representing 0.15% of the company.
• The company's recent earnings report showed a 15.6% year-over-year increase in revenue, totaling $358.44 million, and earnings per share of $0.25, exceeding analysts' expectations.
• Several analysts have set new price targets for Arhaus, with a consensus rating of "Hold" and an average target price of $10.83 based on mixed assessments from various investment firms.

EFG Asset Management North America Corp. bought a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 206,175 shares of the company's stock, valued at approximately $1,795,000. EFG Asset Management North America Corp. owned approximately 0.15% of Arhaus as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ARHS. Bank of America Corp DE lifted its position in shares of Arhaus by 1,532.9% in the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock valued at $23,480,000 after acquiring an additional 2,672,239 shares in the last quarter. CenterBook Partners LP grew its stake in shares of Arhaus by 145.8% during the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after buying an additional 1,122,004 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% in the first quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company's stock valued at $14,504,000 after purchasing an additional 38,674 shares during the period. Long Focus Capital Management LLC boosted its holdings in shares of Arhaus by 35.2% in the first quarter. Long Focus Capital Management LLC now owns 1,520,800 shares of the company's stock valued at $13,231,000 after purchasing an additional 395,800 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Arhaus by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company's stock worth $13,163,000 after buying an additional 168,800 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARHS has been the subject of several analyst reports. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price objective on shares of Arhaus in a report on Monday, August 4th. Morgan Stanley lifted their price objective on Arhaus from $10.00 to $12.50 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Cowen restated a "buy" rating on shares of Arhaus in a research note on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and issued a $11.00 price objective (up from $9.00) on shares of Arhaus in a report on Friday, August 8th. Finally, Raymond James Financial started coverage on Arhaus in a report on Monday, June 9th. They set a "market perform" rating on the stock. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Arhaus has a consensus rating of "Hold" and a consensus price target of $10.83.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.15 during mid-day trading on Wednesday, hitting $11.02. 430,697 shares of the stock were exchanged, compared to its average volume of 1,957,889. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $13.97. The stock's fifty day simple moving average is $10.43 and its two-hundred day simple moving average is $9.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 1.33. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 6.49 and a beta of 2.59.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. Arhaus had a return on equity of 20.08% and a net margin of 5.33%.The company had revenue of $358.44 million during the quarter, compared to analysts' expectations of $333.39 million. During the same period last year, the firm earned $0.16 EPS. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Arhaus, Inc. will post 0.46 EPS for the current 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.