Carnegie Investment Counsel lifted its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 332,410 shares of the company's stock after acquiring an additional 37,670 shares during the quarter. Carnegie Investment Counsel owned approximately 0.24% of Arhaus worth $3,125,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new position in Arhaus during the second quarter worth approximately $30,000. Quantbot Technologies LP acquired a new position in Arhaus during the third quarter worth approximately $43,000. Intech Investment Management LLC acquired a new position in Arhaus during the third quarter worth approximately $131,000. Olympiad Research LP acquired a new position in Arhaus during the third quarter worth approximately $202,000. Finally, Handelsbanken Fonder AB acquired a new position in Arhaus during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 27.88% of the company's stock.
Arhaus Price Performance
NASDAQ ARHS traded up $0.23 on Friday, hitting $11.64. 1,432,447 shares of the company's stock were exchanged, compared to its average volume of 1,082,826. The stock has a 50-day moving average of $10.04 and a 200-day moving average of $11.47. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 12.34 and a beta of 2.58.
Arhaus (NASDAQ:ARHS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that Arhaus, Inc. will post 0.44 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ARHS has been the topic of several research reports. Barclays decreased their target price on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and decreased their target price for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Jefferies Financial Group upped their target price on Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus boosted their price target on Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus currently has an average rating of "Moderate Buy" and a consensus price target of $12.20.
View Our Latest Report on Arhaus
Arhaus Company Profile
(
Free Report)
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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