North Growth Management Ltd. Raises Holdings in Arhaus, Inc. (NASDAQ:ARHS)

North Growth Management Ltd. grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 16.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

A number of other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in Arhaus during the 4th quarter valued at about $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus during the fourth quarter worth approximately $69,000. AlphaQuest LLC raised its stake in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after acquiring an additional 5,786 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Arhaus by 1,158.4% in the first quarter. GAMMA Investing LLC now owns 9,614 shares of the company's stock valued at $840,000 after purchasing an additional 8,850 shares during the period. Finally, Cetera Investment Advisers bought a new position in Arhaus in the fourth quarter worth approximately $99,000. Institutional investors own 27.88% of the company's stock.

Arhaus Stock Down 2.6%

Shares of NASDAQ:ARHS traded down $0.23 during trading on Friday, reaching $8.51. The stock had a trading volume of 1,983,341 shares, compared to its average volume of 1,637,050. The firm's 50-day simple moving average is $8.38 and its 200 day simple moving average is $9.59. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. Arhaus, Inc. has a one year low of $6.61 and a one year high of $17.60. The company has a market capitalization of $1.20 billion, a P/E ratio of 21.27, a PEG ratio of 5.35 and a beta of 2.64.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted 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 firm had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. During the same period in the previous year, the company earned $0.11 EPS. The company's revenue was up 5.5% on a year-over-year basis. As a group, research analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARHS shares. Stifel Nicolaus decreased their target price on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Raymond James Financial initiated coverage on Arhaus in a research note on Monday, June 9th. They set a "market perform" rating on the stock. Wall Street Zen lowered shares of Arhaus from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Loop Capital reduced their price target on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.50.

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.