Charles Schwab Investment Management Inc. Boosts Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Charles Schwab Investment Management Inc. raised its position in Arhaus, Inc. (NASDAQ:ARHS) by 19.6% in the third quarter, Holdings Channel reports. The fund owned 426,575 shares of the company’s stock after buying an additional 69,853 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Arhaus were worth $5,251,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in Arhaus in the third quarter worth approximately $131,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Arhaus during the third quarter worth approximately $1,317,000. LMR Partners LLP acquired a new stake in Arhaus during the third quarter worth approximately $4,308,000. Oppenheimer Asset Management Inc. raised its holdings in Arhaus by 23.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 118,042 shares of the company’s stock worth $1,453,000 after purchasing an additional 22,076 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wedbush cut their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus cut their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Barclays cut their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Telsey Advisory Group raised shares of Arhaus from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $12.00 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Price Performance

Arhaus stock opened at $10.82 on Friday. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $9.78 and its 200 day simple moving average is $12.99. The firm has a market capitalization of $1.52 billion, a PE ratio of 19.32, a P/E/G ratio of 13.80 and a beta of 2.59.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Arhaus’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Arhaus, Inc. will post 0.42 EPS for the current fiscal 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.