Arhaus, Inc. (NASDAQ:ARHS) Position Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 147.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 379,781 shares of the company's stock after buying an additional 226,017 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.27% of Arhaus worth $4,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ARHS. Price T Rowe Associates Inc. MD purchased a new position in shares of Arhaus during the 1st quarter worth approximately $8,326,000. Sei Investments Co. boosted its position in shares of Arhaus by 192.7% during the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company's stock worth $5,896,000 after purchasing an additional 252,192 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Arhaus by 142.4% during the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company's stock worth $4,794,000 after purchasing an additional 182,979 shares during the period. Carnegie Investment Counsel boosted its position in shares of Arhaus by 176.8% during the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company's stock worth $3,628,000 after purchasing an additional 188,240 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Arhaus during the 1st quarter worth approximately $4,034,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Trading Up 0.1 %

Arhaus stock traded up $0.01 during trading on Monday, hitting $8.56. The company's stock had a trading volume of 1,297,449 shares, compared to its average volume of 1,263,509. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. Arhaus, Inc. has a 1-year low of $8.04 and a 1-year high of $19.81. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 9.84 and a beta of 2.58. The stock's fifty day moving average is $10.97 and its 200 day moving average is $13.94.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. As a group, equities research analysts predict that Arhaus, Inc. will post 0.47 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Craig Hallum cut shares of Arhaus from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Bank of America cut their price target on shares of Arhaus from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Wedbush assumed coverage on shares of Arhaus in a research note on Friday, October 11th. They set a "neutral" rating and a $11.00 price target on the stock. Finally, Barclays dropped their price objective on shares of Arhaus from $17.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.90.

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.