Arhaus, Inc. (NASDAQ:ARHS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,575 shares of the company's stock after buying an additional 69,853 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.30% of Arhaus worth $5,251,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARHS. Victory Capital Management Inc. lifted its position in Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock valued at $319,000 after acquiring an additional 1,416 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Arhaus in the 2nd quarter valued at about $30,000. California State Teachers Retirement System grew its stake in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company's stock worth $552,000 after buying an additional 5,178 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Arhaus by 5.1% during the third quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock worth $1,403,000 after buying an additional 5,577 shares during the period. Finally, Privium Fund Management B.V. lifted its stake in Arhaus by 34.7% in the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company's stock valued at $268,000 after buying an additional 5,600 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group upgraded shares of Arhaus from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Craig Hallum cut Arhaus from a "buy" rating to a "hold" rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their price objective on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $12.90.

Arhaus Price Performance

Shares of NASDAQ ARHS traded down $0.21 during trading on Friday, hitting $10.61. 664,048 shares of the company were exchanged, compared to its average volume of 1,276,886. 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, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 14.78 and a beta of 2.58. The firm's fifty day moving average price is $9.78 and its 200 day moving average price is $12.99.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million for the quarter, compared to analysts' expectations of $328.94 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm's quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts expect that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal 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.