Goldman Sachs Group Inc. Purchases 120,314 Shares of Arhaus, Inc. $ARHS

Key Points

• Goldman Sachs Group Inc. has increased its holdings in Arhaus, Inc. by 24.1%, purchasing an additional 120,314 shares, bringing its total to 620,508 shares valued at approximately $5.4 million.
• Several institutional investors have also increased their stakes in Arhaus, with Bank of America Corp DE making the most significant increase of 1,532.9%, raising its ownership to 2.5 million shares worth about $23.5 million.
• Research analysts maintain a mixed outlook on Arhaus, with a consensus rating of "Hold" and an average price target of $10.83, although some analysts, including Stifel Nicolaus, have given it a "buy" rating with a target price of $14.00.

Goldman Sachs Group Inc. increased its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,508 shares of the company's stock after acquiring an additional 120,314 shares during the quarter. Goldman Sachs Group Inc. owned about 0.44% of Arhaus worth $5,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ARHS. BNP Paribas Financial Markets purchased a new stake in shares of Arhaus during the 4th quarter valued at about $58,000. Cetera Investment Advisers bought a new stake in Arhaus in the fourth quarter worth $99,000. Arizona State Retirement System increased its position in Arhaus by 24.9% during the first quarter. Arizona State Retirement System now owns 14,525 shares of the company's stock valued at $126,000 after acquiring an additional 2,899 shares during the last quarter. ProShare Advisors LLC bought a new position in Arhaus during the fourth quarter valued at $136,000. Finally, Rafferty Asset Management LLC increased its position in Arhaus by 28.2% during the fourth quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company's stock valued at $146,000 after acquiring an additional 3,410 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Price Performance

ARHS stock traded down $0.23 during midday trading on Friday, reaching $11.06. The stock had a trading volume of 2,489,519 shares, compared to its average volume of 1,693,757. The company's fifty day simple moving average is $10.71 and its 200 day simple moving average is $9.32. The company has a current ratio of 1.33, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 6.43 and a beta of 2.59. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $13.49.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ARHS shares. Gordon Haskett started coverage on shares of Arhaus in a report on Thursday. They issued a "hold" rating and a $12.00 price target on the stock. Raymond James Financial started coverage on shares of Arhaus in a report on Monday, June 9th. They issued a "market perform" rating on the stock. Morgan Stanley upped their price objective on shares of Arhaus from $10.00 to $12.50 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of Arhaus in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $10.92.

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.