66,089 Shares in Arhaus, Inc. (NASDAQ:ARHS) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 66,089 shares of the company's stock, valued at approximately $814,000.

A number of other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after buying an additional 134,312 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Arhaus in the 3rd quarter valued at $236,000. Wellington Management Group LLP raised its position in Arhaus by 107.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company's stock valued at $15,160,000 after purchasing an additional 636,691 shares during the last quarter. State Street Corp boosted its stake in Arhaus by 14.5% during the 3rd quarter. State Street Corp now owns 930,023 shares of the company's stock worth $11,449,000 after purchasing an additional 117,422 shares during the period. Finally, Janus Henderson Group PLC grew its position in Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company's stock worth $544,000 after purchasing an additional 3,529 shares during the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARHS has been the subject of a number of research reports. Stifel Nicolaus reduced 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. Wedbush lowered their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group raised Arhaus from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $11.00 to $12.00 in a report on Thursday, November 14th. Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and lowered their target price for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Barclays cut their price target on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.90.

Arhaus Price Performance

ARHS traded down $0.23 on Friday, hitting $9.19. 1,428,424 shares of the company were exchanged, compared to its average volume of 1,080,412. The business's fifty day moving average is $9.71 and its 200 day moving average is $11.94. Arhaus, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. 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 firm has a market capitalization of $1.29 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $319.13 million during the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.42 EPS for the current year.

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.