North Growth Management Ltd. Boosts Position in Arhaus, Inc. (NASDAQ:ARHS)

North Growth Management Ltd. grew its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 82.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 484,000 shares of the company's stock after acquiring an additional 218,000 shares during the quarter. North Growth Management Ltd. owned 0.35% of Arhaus worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ARHS. Vanguard Group Inc. lifted its stake in shares of Arhaus by 61.1% in the 3rd 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. bought a new stake in Arhaus in the third quarter worth $17,671,000. Summit Creek Advisors LLC boosted its stake in Arhaus by 8.3% during the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company's stock worth $12,481,000 after buying an additional 102,402 shares during the period. Signaturefd LLC increased its position in Arhaus by 10.1% during the fourth quarter. Signaturefd LLC now owns 657,309 shares of the company's stock valued at $7,789,000 after acquiring an additional 60,240 shares during the last quarter. Finally, Voss Capital LLC raised its stake in shares of Arhaus by 23.0% in the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company's stock valued at $7,288,000 after acquiring an additional 115,000 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Trading Up 0.5 %

NASDAQ:ARHS traded up $0.08 during midday trading on Monday, hitting $16.40. The stock had a trading volume of 2,111,776 shares, compared to its average volume of 1,136,665. The stock has a 50-day moving average of $14.69 and a 200 day moving average of $12.18. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.86 and a beta of 2.48. Arhaus, Inc. has a one year low of $6.75 and a one year high of $16.75. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. The business had revenue of $295.16 million for the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a return on equity of 34.10% and a net margin of 8.30%. As a group, sell-side analysts forecast that Arhaus, Inc. will post 0.75 EPS for the current year.

Arhaus Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARHS. Piper Sandler reaffirmed an "overweight" rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a research note on Friday. Robert W. Baird upped their target price on Arhaus from $16.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America raised their price target on Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Arhaus in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company 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.