Arhaus, Inc. (NASDAQ:ARHS) Position Boosted by North Growth Management Ltd.

North Growth Management Ltd. grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 634,000 shares of the company's stock after buying an additional 90,000 shares during the quarter. North Growth Management Ltd. owned 0.45% of Arhaus worth $5,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock valued at $24,348,000 after buying an additional 627,952 shares during the last quarter. Bank of America Corp DE boosted its position in Arhaus by 1,532.9% in the 4th 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 in the last quarter. Emerald Advisers LLC grew its position in Arhaus by 18.7% during the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company's stock valued at $15,307,000 after buying an additional 256,887 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Arhaus by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company's stock valued at $14,894,000 after acquiring an additional 120,582 shares during the period. Hedge funds and other institutional investors own 27.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARHS. Loop Capital cut their price objective on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Morgan Stanley lowered their price target on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Stifel Nicolaus cut their price objective on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Raymond James Financial began coverage on Arhaus in a research report on Monday, June 9th. They set a "market perform" rating on the stock. Finally, Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.50.

Arhaus Trading Up 0.2%

Shares of ARHS traded up $0.02 during trading hours on Tuesday, hitting $8.67. The stock had a trading volume of 1,251,153 shares, compared to its average volume of 1,633,175. The firm has a market cap of $1.22 billion, a P/E ratio of 21.15, a P/E/G ratio of 5.35 and a beta of 2.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 1.26. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $17.60. The company's fifty day simple moving average is $8.39 and its 200 day simple moving average is $9.57.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The business had revenue of $311.37 million during the quarter, compared to analysts' expectations of $314.76 million. During the same period in the prior year, the business posted $0.11 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

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.