Goldman Sachs Group Inc. Acquires 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% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 620,508 shares of the company's stock after purchasing an additional 120,314 shares during the period. Goldman Sachs Group Inc. owned approximately 0.44% of Arhaus worth $5,398,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ARHS. Northern Trust Corp increased its position in Arhaus by 5.8% in the fourth quarter. Northern Trust Corp now owns 547,370 shares of the company's stock worth $5,145,000 after purchasing an additional 30,127 shares during the last quarter. Ameriprise Financial Inc. increased its position in Arhaus by 59.9% in the fourth 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. BNP Paribas Financial Markets bought a new stake in Arhaus in the fourth quarter worth $58,000. Bank of America Corp DE increased its position in 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 valued at $23,480,000 after acquiring an additional 2,672,239 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Arhaus during the fourth quarter valued at $99,000. Institutional investors own 27.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cowen reiterated a "buy" rating on shares of Arhaus in a research report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and set a $11.00 price objective (up previously from $9.00) on shares of Arhaus in a research report on Friday, August 8th. Raymond James Financial assumed coverage on shares of Arhaus in a research report on Monday, June 9th. They set a "market perform" rating on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price objective on shares of Arhaus in a research report on Monday, August 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Arhaus from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.83.

Arhaus Trading Up 2.3%

NASDAQ ARHS opened at $11.02 on Tuesday. The company's 50-day moving average price is $10.56 and its 200-day moving average price is $9.26. 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 stock has a market cap of $1.55 billion, a PE ratio of 22.04, a PEG ratio of 6.14 and a beta of 2.58. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $13.97.

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

About Arhaus

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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