Arhaus, Inc. (NASDAQ:ARHS) Stock Holdings Boosted by North Growth Management Ltd.

North Growth Management Ltd. lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 553,000 shares of the company's stock after buying an additional 72,000 shares during the period. North Growth Management Ltd. owned approximately 0.39% of Arhaus worth $6,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Amalgamated Bank acquired a new stake in Arhaus in the second quarter valued at approximately $30,000. Quest Partners LLC lifted its position in shares of Arhaus by 716,800.0% during 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 last quarter. Ground Swell Capital LLC acquired a new position in shares of Arhaus during the second quarter worth $183,000. Virtu Financial LLC acquired a new stake in Arhaus in the first quarter valued at $212,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Arhaus during the 2nd quarter worth about $244,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Stock Up 5.6 %

Shares of ARHS stock traded up $0.55 during trading hours on Tuesday, reaching $10.34. The company had a trading volume of 756,591 shares, compared to its average volume of 1,292,469. 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 twelve month low of $8.22 and a twelve month high of $19.81. The stock's fifty day simple moving average is $10.60 and its 200 day simple moving average is $13.74. The company has a market capitalization of $1.45 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 11.70 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results 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 25.10%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the business posted $0.14 earnings per share. Arhaus's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ARHS shares. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Wedbush decreased their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday. Robert W. Baird cut their price target on Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their price target on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus currently has a consensus rating of "Moderate Buy" and an average target price of $12.80.

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.