Arhaus, Inc. (NASDAQ:ARHS) Shares Acquired by Meros Investment Management LP

Meros Investment Management LP grew its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 580,680 shares of the company's stock after buying an additional 81,353 shares during the period. Arhaus accounts for 2.5% of Meros Investment Management LP's investment portfolio, making the stock its 17th largest position. Meros Investment Management LP owned about 0.41% of Arhaus worth $5,458,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ARHS. Vanguard Group Inc. increased its stake in Arhaus by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after acquiring an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Arhaus by 32.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock valued at $24,348,000 after purchasing an additional 627,952 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock valued at $23,480,000 after purchasing an additional 2,672,239 shares in the last quarter. Emerald Advisers LLC raised its stake 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 last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Arhaus by 8.2% in 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 purchasing an additional 120,582 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Stock Performance

ARHS stock traded up $0.28 during midday trading on Friday, reaching $8.66. The stock had a trading volume of 1,946,562 shares, compared to its average volume of 1,616,272. The stock has a market cap of $1.22 billion, a PE ratio of 15.46, 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 quick ratio of 0.52 and a current ratio of 1.23. The firm has a fifty day simple moving average of $8.36 and a two-hundred day simple moving average of $9.77. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data 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 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 business posted $0.11 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on ARHS shares. Guggenheim cut their price objective on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 9th. Robert W. Baird lowered Arhaus from an "outperform" rating to a "neutral" rating and cut their price target for the company from $13.00 to $8.50 in a report on Monday, April 7th. Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Morgan Stanley decreased their price objective on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, Piper Sandler decreased their price objective on Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.50.

About Arhaus

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.