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

Raymond James Financial Inc. purchased a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 56,411 shares of the company's stock, valued at approximately $530,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock valued at $47,589,000 after acquiring an additional 50,250 shares during the period. JPMorgan Chase & Co. lifted its position in Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock valued at $24,348,000 after acquiring an additional 627,952 shares during the period. Emerald Advisers LLC lifted its position in Arhaus by 18.7% during the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company's stock valued at $15,307,000 after acquiring an additional 256,887 shares during the period. Bank of New York Mellon Corp lifted its position in Arhaus by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company's stock valued at $14,894,000 after acquiring an additional 120,582 shares during the period. Finally, Wellington Management Group LLP lifted its position in Arhaus by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company's stock valued at $13,163,000 after acquiring an additional 168,800 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on ARHS shares. Piper Sandler decreased their target price on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Loop Capital decreased their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Guggenheim decreased their target price on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $10.00 target price on shares of Arhaus in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.50.

Arhaus Stock Performance

NASDAQ ARHS traded up $0.54 during trading hours on Monday, hitting $8.50. 4,882,548 shares of the company's stock traded hands, compared to its average volume of 1,601,052. The business's fifty day moving average price is $8.42 and its two-hundred day moving average price is $9.78. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.19 billion, a P/E ratio of 15.18, a P/E/G ratio of 11.57 and a beta of 2.65. Arhaus, Inc. has a 52 week low of $6.61 and a 52 week high of $19.81.

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

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.