Dynamic Technology Lab Private Ltd Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,149 shares of the company's stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Amalgamated Bank purchased a new stake in Arhaus in the second quarter worth approximately $30,000. Quest Partners LLC lifted its holdings in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock valued at $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC purchased a new position in shares of Arhaus in the 3rd quarter worth $131,000. Ground Swell Capital LLC bought a new stake in shares of Arhaus in the second quarter worth $183,000. Finally, Olympiad Research LP purchased a new stake in Arhaus during the third quarter valued at $202,000. 27.88% of the stock is owned by institutional investors.

Arhaus Price Performance

ARHS traded up $0.11 on Thursday, hitting $10.10. 605,855 shares of the company's stock traded hands, compared to its average volume of 1,295,642. Arhaus, Inc. has a one year low of $8.30 and a one year high of $19.81. 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 cap of $1.42 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 14.00 and a beta of 2.58. The company's 50 day simple moving average is $10.13 and its 200-day simple moving average is $13.41.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, research analysts anticipate that Arhaus, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARHS. Stifel Nicolaus cut their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Jefferies Financial Group restated a "hold" rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Arhaus from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $11.00 to $12.00 in a research report on Thursday, November 14th. Bank of America lowered Arhaus from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Barclays cut their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Arhaus currently has a consensus rating of "Moderate Buy" and an average price target of $12.90.

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.