Arhaus, Inc. (NASDAQ:ARHS) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,410 shares of the company’s stock after purchasing an additional 37,670 shares during the quarter. Carnegie Investment Counsel’s holdings in Arhaus were worth $3,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares in the last quarter. LMR Partners LLP acquired a new position in Arhaus in the third quarter valued at approximately $4,308,000. Sei Investments Co. boosted its holdings in Arhaus by 25.6% in the second quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after purchasing an additional 98,240 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Arhaus in the third quarter valued at approximately $814,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Arhaus in the third quarter valued at approximately $802,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARHS has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Piper Sandler increased their price objective on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.20.

Arhaus Trading Up 2.0 %

NASDAQ:ARHS opened at $11.64 on Friday. The stock has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $11.51. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 12.34 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS) last released 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 business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.44 earnings per share for the current fiscal year.

Arhaus 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.