318,728 Shares in Arhaus, Inc. (NASDAQ:ARHS) Acquired by Acuitas Investments LLC

Acuitas Investments LLC acquired a new position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 318,728 shares of the company's stock, valued at approximately $3,777,000. Arhaus comprises approximately 1.9% of Acuitas Investments LLC's holdings, making the stock its 9th largest position. Acuitas Investments LLC owned approximately 0.23% of Arhaus as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company's stock valued at $28,450,000 after purchasing an additional 1,159,856 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Arhaus in the third quarter valued at about $17,671,000. Summit Creek Advisors LLC raised its holdings in shares of Arhaus by 8.3% in the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company's stock valued at $12,481,000 after purchasing an additional 102,402 shares during the last quarter. Emerald Advisers LLC raised its holdings in shares of Arhaus by 71.1% in the third quarter. Emerald Advisers LLC now owns 1,278,004 shares of the company's stock valued at $11,885,000 after purchasing an additional 530,893 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Arhaus by 120.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,035,212 shares of the company's stock valued at $9,627,000 after purchasing an additional 565,320 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Wall Street Analyst Weigh In

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

Arhaus Price Performance

Shares of ARHS stock traded down $0.45 during trading hours on Thursday, reaching $13.61. The stock had a trading volume of 875,188 shares, compared to its average volume of 1,119,231. The stock's fifty day simple moving average is $14.47 and its 200 day simple moving average is $11.73. 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, Inc. has a 12 month low of $6.75 and a 12 month high of $16.60. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.21, a PEG ratio of 2.57 and a beta of 2.42.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $344.01 million for the quarter, compared to the consensus estimate of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same period last year, the firm posted $0.34 earnings per share. On average, equities research analysts predict that Arhaus, Inc. will post 0.75 EPS for the current year.

Arhaus Dividend Announcement

The business also recently announced 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.

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.