American Century Companies Inc. Has $68.79 Million Holdings in Arhaus, Inc. (NASDAQ:ARHS)

American Century Companies Inc. lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 120.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,060,484 shares of the company’s stock after buying an additional 2,219,554 shares during the quarter. American Century Companies Inc. owned about 2.89% of Arhaus worth $68,785,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ARHS. National Bank of Canada FI grew its holdings in Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after purchasing an additional 5,500 shares during the period. Quest Partners LLC grew its holdings in Arhaus by 716,800.0% in the second 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 period. Ground Swell Capital LLC acquired a new stake in Arhaus in the second quarter worth $183,000. Aspiriant LLC acquired a new stake in Arhaus in the first quarter worth $204,000. Finally, Ballentine Partners LLC acquired a new position in shares of Arhaus during the first quarter valued at about $204,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARHS has been the subject of a number of analyst reports. Craig Hallum reduced their price objective on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays reduced their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $16.00 in a report on Monday, July 8th. Stifel Nicolaus reduced their price objective on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price objective on shares of Arhaus in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.00.

Insider Transactions at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now owns 36,736 shares in the company, valued at $591,816.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.45 on Monday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 12.49 and a beta of 2.52. 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 52 week low of $7.56 and a 52 week high of $19.81. The firm’s 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $14.98.

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

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.