Signaturefd LLC Has $1.33 Million Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC increased its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 507.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,743 shares of the company’s stock after buying an additional 90,010 shares during the period. Signaturefd LLC owned 0.08% of Arhaus worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after acquiring an additional 5,577 shares during the last quarter. Hunter Perkins Capital Management LLC acquired a new position in shares of Arhaus during the 3rd quarter worth about $4,943,000. Carnegie Investment Counsel grew its holdings in Arhaus by 176.8% in the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after buying an additional 188,240 shares during the last quarter. Kings Path Partners LLC bought a new position in Arhaus in the 3rd quarter worth approximately $400,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Arhaus during the third quarter worth approximately $207,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ARHS. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Robert W. Baird decreased their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Stifel Nicolaus lowered their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.73.

Arhaus Price Performance

NASDAQ:ARHS opened at $8.71 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.22 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. Arhaus, Inc. has a 12 month low of $7.56 and a 12 month high of $19.81. The company’s 50-day moving average price is $11.42 and its two-hundred day moving average price is $14.29.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The business had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same period in the prior year, the company earned $0.29 EPS. Arhaus’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Arhaus Company 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.