Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,370 shares of the company's stock after buying an additional 30,127 shares during the quarter. Northern Trust Corp owned 0.39% of Arhaus worth $5,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in 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 buying an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock worth $24,348,000 after buying an additional 627,952 shares during the last quarter. Emerald Advisers LLC grew its stake in Arhaus by 18.7% during the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company's stock worth $15,307,000 after buying an additional 256,887 shares during the last quarter. Bank of New York Mellon Corp grew its stake in 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 worth $14,894,000 after buying an additional 120,582 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Arhaus by 13.7% during the 4th 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 last quarter. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ARHS shares. Guggenheim dropped their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Morgan Stanley dropped their price target on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Robert W. Baird downgraded Arhaus from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $13.00 to $8.50 in a research note on Monday, April 7th. Stifel Nicolaus dropped their price target on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price target on shares of Arhaus in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.50.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.04 on Friday, hitting $8.17. The company had a trading volume of 1,390,843 shares, compared to its average volume of 1,628,316. The firm has a market cap of $1.15 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The company has a 50-day moving average price of $8.31 and a 200-day moving average price of $9.75. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. As a group, equities research analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal 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.