Carnegie Investment Counsel raised its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 332,410 shares of the company's stock after purchasing an additional 37,670 shares during the period. Carnegie Investment Counsel owned 0.24% of Arhaus worth $3,125,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in Arhaus in the 2nd quarter valued at $30,000. Quantbot Technologies LP purchased a new position in Arhaus in the 3rd quarter valued at $43,000. Intech Investment Management LLC purchased a new position in Arhaus in the 3rd quarter valued at $131,000. Susquehanna Fundamental Investments LLC purchased a new position in Arhaus in the 2nd quarter valued at $244,000. Finally, Olympiad Research LP acquired a new stake in shares of Arhaus in the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 27.88% of the company's stock.
Shares of ARHS opened at $11.64 on Friday. The stock has a 50-day simple moving average of $10.04 and a 200-day simple moving average of $11.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market capitalization of $1.64 billion, a PE ratio of 20.79, a PEG ratio of 12.34 and a beta of 2.58. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81.
Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts predict that Arhaus, Inc. will post 0.44 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ARHS. Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and cut their target price for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Piper Sandler raised their target price on Arhaus from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus raised their price objective on Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.20.
Check Out Our Latest Research Report on ARHS
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.
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