Geode Capital Management LLC Grows Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Geode Capital Management LLC increased its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,207,981 shares of the company's stock after buying an additional 134,312 shares during the quarter. Geode Capital Management LLC owned about 0.86% of Arhaus worth $14,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank purchased a new stake in shares of Arhaus in the second quarter valued at $30,000. Quantbot Technologies LP bought a new position in Arhaus during the 3rd quarter valued at about $43,000. Quest Partners LLC raised its position in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after purchasing an additional 7,168 shares during the period. Intech Investment Management LLC bought a new stake in Arhaus in the third quarter worth about $131,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Arhaus during the second quarter valued at approximately $183,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Wedbush cut their price objective on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Barclays cut their price target on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Finally, Telsey Advisory Group raised shares of Arhaus from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.90.

Arhaus Stock Up 0.2 %

NASDAQ:ARHS traded up $0.02 during mid-day trading on Monday, reaching $9.28. The company's stock had a trading volume of 1,093,089 shares, compared to its average volume of 1,278,798. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81. The stock has a fifty day moving average of $9.67 and a 200-day moving average of $12.15. The firm has a market capitalization of $1.30 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly 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). 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%. Arhaus's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Equities research analysts forecast that Arhaus, Inc. will post 0.42 earnings per share for the current 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.