LMR Partners LLP Invests $4.31 Million in Arhaus, Inc. (NASDAQ:ARHS)

LMR Partners LLP purchased a new stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 350,000 shares of the company's stock, valued at approximately $4,308,000. LMR Partners LLP owned about 0.25% of Arhaus at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. increased its position in Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock worth $319,000 after buying an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new stake in Arhaus during the 2nd quarter worth about $30,000. California State Teachers Retirement System raised its stake in Arhaus by 16.9% in the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company's stock valued at $552,000 after purchasing an additional 5,178 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock valued at $1,403,000 after purchasing an additional 5,577 shares in the last quarter. Finally, Privium Fund Management B.V. boosted its stake in shares of Arhaus by 34.7% during the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company's stock worth $268,000 after purchasing an additional 5,600 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARHS has been the topic of a number of analyst reports. 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. TD Cowen lowered their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Wedbush reduced their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and lowered their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Robert W. Baird cut their price objective on shares of Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Four equities research 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 Stock Up 1.1 %

Shares of ARHS stock traded up $0.10 on Tuesday, hitting $9.25. The stock had a trading volume of 807,577 shares, compared to its average volume of 1,298,949. Arhaus, Inc. has a 52-week low of $8.30 and a 52-week high of $19.81. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 12.33 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock's 50 day moving average is $10.47 and its 200-day moving average is $13.64.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced 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). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, research analysts expect 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.