Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 61.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,059,110 shares of the company's stock after acquiring an additional 1,159,856 shares during the quarter. Vanguard Group Inc. owned about 2.18% of Arhaus worth $28,450,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. acquired a new position in Arhaus in the 3rd quarter worth approximately $400,000. Comerica Bank acquired a new position in Arhaus in the 3rd quarter worth approximately $297,000. GSA Capital Partners LLP acquired a new position in Arhaus in the 3rd quarter worth approximately $2,349,000. Scopus Asset Management L.P. acquired a new position in Arhaus in the 3rd quarter worth approximately $17,671,000. Finally, Sei Investments Co. increased its holdings in Arhaus by 68.0% in the 3rd quarter. Sei Investments Co. now owns 60,451 shares of the company's stock worth $562,000 after buying an additional 24,464 shares during the period. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded down $0.15 during midday trading on Friday, reaching $15.69. 1,046,682 shares of the company's stock traded hands, compared to its average volume of 1,601,272. Arhaus, Inc. has a 1 year low of $6.75 and a 1 year high of $16.60. The company has a market cap of $2.20 billion, a P/E ratio of 17.63, a PEG ratio of 2.74 and a beta of 2.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. The company has a fifty day simple moving average of $14.12 and a two-hundred day simple moving average of $11.44.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $336.73 million. During the same quarter last year, the firm posted $0.34 EPS. Equities analysts predict that Arhaus, Inc. will post 0.76 EPS for the current fiscal year.

Arhaus Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, March 20th.

Wall Street Analyst Weigh In

ARHS has been the topic of several recent research reports. Bank of America upped their price objective on Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Telsey Advisory Group upped their price objective on Arhaus from $15.00 to $17.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.25.

Arhaus Company 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.