Harbor Capital Advisors Inc. Boosts Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Harbor Capital Advisors Inc. increased its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 537,296 shares of the company's stock after purchasing an additional 157,515 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.38% of Arhaus worth $5,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank purchased a new position in Arhaus during the second quarter valued at $30,000. Quantbot Technologies LP purchased a new position in Arhaus during the 3rd quarter valued at about $43,000. Quest Partners LLC boosted its stake in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Arhaus in the third quarter worth about $131,000. Finally, Olympiad Research LP purchased a new stake in Arhaus in the third quarter worth about $202,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Performance

ARHS traded up $1.42 during midday trading on Friday, hitting $10.88. 4,981,063 shares of the company traded hands, compared to its average volume of 1,897,820. The company's 50-day moving average is $9.84 and its 200 day moving average is $11.66. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.53 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter last year, the company earned $0.14 EPS. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts expect that Arhaus, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a report on Monday, November 4th. Barclays dropped their target price on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Finally, Piper Sandler upped their price target on shares of Arhaus from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.10.

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.