Paradigm Capital Management Inc. NY Invests $564,000 in Arhaus, Inc. (NASDAQ:ARHS)

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

Several other institutional investors and hedge funds have also made changes to their positions in ARHS. Procyon Advisors LLC acquired a new position in Arhaus during the fourth quarter worth approximately $293,000. Daymark Wealth Partners LLC grew its position in shares of Arhaus by 2.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock worth $404,000 after acquiring an additional 1,000 shares during the last quarter. SG Americas Securities LLC grew its position in shares of 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 position in shares of Arhaus in the 4th quarter valued at $140,000. Finally, Yorktown Management & Research Co Inc raised its position in Arhaus by 105.5% in the 4th quarter. Yorktown Management & Research Co Inc now owns 28,250 shares of the company's stock valued at $266,000 after purchasing an additional 14,500 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Price Performance

Shares of Arhaus stock traded up $0.09 during trading on Thursday, reaching $8.21. The company's stock had a trading volume of 1,800,133 shares, compared to its average volume of 1,626,620. The business has a 50 day moving average price of $8.32 and a 200-day moving average price of $9.76. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The company has a market capitalization of $1.15 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. 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 (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Arhaus's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Guggenheim lowered their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Wall Street Zen cut Arhaus from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Piper Sandler dropped their target price on Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. One 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.com, the stock currently has a consensus rating of "Hold" and a consensus 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.