New York State Common Retirement Fund Takes Position in Arhaus, Inc. (NASDAQ:ARHS)

New York State Common Retirement Fund bought a new stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86,821 shares of the company's stock, valued at approximately $1,029,000. New York State Common Retirement Fund owned about 0.06% of Arhaus as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARHS. Bank of New York Mellon Corp boosted its holdings in Arhaus by 19.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 96,696 shares of the company's stock valued at $899,000 after purchasing an additional 15,967 shares during the last quarter. Olympiad Research LP acquired a new position in Arhaus in the third quarter valued at approximately $179,000. Victory Capital Management Inc. grew its position in Arhaus by 62.2% in the third quarter. Victory Capital Management Inc. now owns 28,450 shares of the company's stock worth $265,000 after acquiring an additional 10,912 shares during the period. Barclays PLC raised its position in Arhaus by 65.4% in the third quarter. Barclays PLC now owns 7,092 shares of the company's stock valued at $66,000 after purchasing an additional 2,803 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new stake in shares of Arhaus during the 3rd quarter worth about $769,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Stock Up 5.3 %

Arhaus stock traded up $0.82 during trading on Friday, reaching $16.32. The stock had a trading volume of 1,631,234 shares, compared to its average volume of 1,096,022. Arhaus, Inc. has a 52-week low of $6.75 and a 52-week high of $16.60. The business has a 50 day moving average price of $14.62 and a 200 day moving average price of $12.12. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.29 billion, a PE ratio of 21.47, a P/E/G ratio of 2.85 and a beta of 2.48.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. Arhaus had a return on equity of 34.10% and a net margin of 8.30%. On average, analysts predict that Arhaus, Inc. will post 0.75 EPS for the current year.

Arhaus Announces Dividend

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

Wall Street Analysts Forecast Growth

ARHS has been the subject of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $17.00 price target on shares of Arhaus in a research report on Thursday. Robert W. Baird raised their price target on Arhaus from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday. Piper Sandler reiterated an "overweight" rating and issued a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a report on Friday. Finally, Bank of America raised their target price on Arhaus from $14.50 to $17.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.25.

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.