Arhaus, Inc. (NASDAQ:ARHS) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 507.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,743 shares of the company's stock after buying an additional 90,010 shares during the quarter. Signaturefd LLC owned approximately 0.08% of Arhaus worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ARHS. Amalgamated Bank purchased a new position in shares of Arhaus during the second quarter worth about $30,000. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company's stock valued at $121,000 after purchasing an additional 7,168 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of Arhaus during the second quarter worth approximately $183,000. Ballentine Partners LLC purchased a new stake in shares of Arhaus during the first quarter worth approximately $204,000. Finally, Aspiriant LLC purchased a new position in Arhaus in the 1st quarter valued at $204,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Price Performance

Arhaus stock traded up $0.02 during trading hours on Thursday, hitting $8.73. The stock had a trading volume of 1,815,236 shares, compared to its average volume of 1,263,503. Arhaus, Inc. has a 1-year low of $7.56 and a 1-year high of $19.81. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 12.08 and a beta of 2.51. The stock's fifty day moving average is $11.42 and its two-hundred day moving average is $14.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million during the quarter, compared to analysts' expectations of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, analysts predict that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ARHS shares. Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and cut their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Wedbush assumed coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a "neutral" rating and a $11.00 price objective for the company. Stifel Nicolaus dropped their target price on Arhaus from $19.50 to $16.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Barclays reduced their price target on Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Arhaus in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.73.

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.