Signaturefd LLC Purchases 60,240 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 657,309 shares of the company's stock after purchasing an additional 60,240 shares during the period. Signaturefd LLC owned approximately 0.47% of Arhaus worth $7,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Investment Partners LLC bought a new position in shares of Arhaus in the 4th quarter valued at about $198,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock worth $106,000 after purchasing an additional 3,635 shares in the last quarter. Voss Capital LLC increased its position in Arhaus by 23.0% during the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company's stock worth $7,288,000 after purchasing an additional 115,000 shares in the last quarter. Sapient Capital LLC acquired a new position in Arhaus in the 4th quarter valued at approximately $118,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Arhaus in the 4th quarter valued at $161,000. 27.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Arhaus Stock Performance

Arhaus stock traded down $0.20 during midday trading on Friday, hitting $13.83. The stock had a trading volume of 783,684 shares, compared to its average volume of 1,336,967. The firm's fifty day moving average is $14.37 and its two-hundred day moving average is $11.60. The company has a market capitalization of $1.94 billion, a PE ratio of 15.54, a P/E/G ratio of 2.43 and a beta of 2.42. Arhaus, Inc. has a 52-week low of $6.75 and a 52-week high of $16.60. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $336.73 million. During the same period in the prior year, the company posted $0.34 EPS. On average, research analysts forecast that Arhaus, Inc. will post 0.76 EPS for the current year.

Arhaus Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.