Raymond James Financial Inc. Invests $530,000 in Arhaus, Inc. (NASDAQ:ARHS)

Raymond James Financial Inc. bought a new position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 56,411 shares of the company's stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Arhaus during the fourth quarter valued at approximately $69,000. AlphaQuest LLC raised its holdings in shares of Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after purchasing an additional 5,786 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Arhaus in the 4th quarter valued at $109,000. Total Clarity Wealth Management Inc. bought a new stake in Arhaus in the fourth quarter worth $140,000. Finally, Intech Investment Management LLC increased its position in Arhaus by 55.5% during the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock worth $156,000 after buying an additional 5,925 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stifel Nicolaus decreased their price target on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research note on Monday. Guggenheim decreased their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a research note on Friday, May 9th. Finally, Loop Capital decreased their price objective on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday, May 9th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arhaus currently has a consensus rating of "Hold" and an average price target of $10.50.

Arhaus Stock Performance

Shares of NASDAQ ARHS traded down $0.13 during mid-day trading on Wednesday, hitting $8.59. The company had a trading volume of 557,778 shares, compared to its average volume of 1,596,695. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. The firm has a market cap of $1.21 billion, a P/E ratio of 15.39, a PEG ratio of 11.57 and a beta of 2.65. The business's 50-day simple moving average is $8.40 and its 200-day simple moving average is $9.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. As a group, analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

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.