Paradigm Capital Management Inc. NY Acquires New Shares in Arhaus, Inc. (NASDAQ:ARHS)

Paradigm Capital Management Inc. NY acquired a new position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the company's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC acquired a new stake in shares of Arhaus during the 4th quarter worth about $293,000. Daymark Wealth Partners LLC raised its holdings in Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock valued at $404,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC lifted its position in Arhaus by 41.4% during the fourth quarter. SG Americas Securities LLC now owns 23,132 shares of the company's stock worth $217,000 after acquiring an additional 6,773 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in Arhaus during the fourth quarter worth approximately $140,000. Finally, Yorktown Management & Research Co Inc boosted its holdings in shares of Arhaus by 105.5% during the fourth quarter. Yorktown Management & Research Co Inc now owns 28,250 shares of the company's stock worth $266,000 after acquiring an additional 14,500 shares during the period. 27.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of recent research reports. Morgan Stanley lowered their target price 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. Stifel Nicolaus lowered their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Robert W. Baird downgraded 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. Wall Street Zen downgraded shares of Arhaus from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Guggenheim lowered their price target on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.50.

Arhaus Price Performance

NASDAQ:ARHS traded down $0.04 during mid-day trading on Friday, reaching $8.17. The stock had a trading volume of 1,390,843 shares, compared to its average volume of 1,630,671. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. The stock has a market capitalization of $1.15 billion, a PE ratio of 14.59, a P/E/G ratio of 11.57 and a beta of 2.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $9.76.

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