Procyon Advisors LLC bought a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 31,156 shares of the company's stock, valued at approximately $293,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ARHS. Amalgamated Bank acquired a new position in shares of Arhaus during the second quarter worth $30,000. Quantbot Technologies LP acquired a new position in Arhaus in the 3rd quarter worth $43,000. Intech Investment Management LLC purchased a new position in Arhaus in the 3rd quarter valued at about $131,000. Olympiad Research LP acquired a new stake in shares of Arhaus during the third quarter valued at about $202,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Arhaus during the third quarter worth about $207,000. 27.88% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on ARHS shares. Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Stifel Nicolaus increased their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Piper Sandler boosted their price objective on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.20.
View Our Latest Report on Arhaus
Arhaus Price Performance
NASDAQ ARHS traded up $0.23 on Monday, reaching $11.64. The company's stock had a trading volume of 1,432,447 shares, compared to its average volume of 1,082,826. The firm's 50 day moving average is $10.04 and its two-hundred day moving average is $11.44. The stock has a market cap of $1.64 billion, a PE ratio of 20.79, a PEG ratio of 12.34 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. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81.
Arhaus (NASDAQ:ARHS - Get Free Report) last issued its 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). The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, sell-side analysts predict that Arhaus, Inc. will post 0.44 EPS for the current year.
About Arhaus
(
Free Report)
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.
Further Reading
Before you consider Arhaus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arhaus wasn't on the list.
While Arhaus currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
