Janus Henderson Group PLC Has $544,000 Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Janus Henderson Group PLC raised its position in Arhaus, Inc. (NASDAQ:ARHS) by 8.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 44,217 shares of the company’s stock after acquiring an additional 3,529 shares during the period. Janus Henderson Group PLC’s holdings in Arhaus were worth $544,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank acquired a new stake in Arhaus in the 2nd quarter valued at $30,000. Quantbot Technologies LP acquired a new position in shares of Arhaus during the third quarter valued at about $43,000. Quest Partners LLC increased its position in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Arhaus in the 3rd quarter worth about $131,000. Finally, Ground Swell Capital LLC acquired a new position in Arhaus during the 2nd quarter valued at about $183,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $10.55 on Friday. 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 fifty-two week low of $8.30 and a fifty-two week high of $19.81. The stock has a market cap of $1.48 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The stock has a fifty day moving average of $9.77 and a 200-day moving average of $12.92.

Arhaus (NASDAQ:ARHS) last posted 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARHS. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Bank of America lowered shares of 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 research note on Thursday, November 7th. Telsey Advisory Group upgraded Arhaus from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Wedbush cut their price target 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. Finally, Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

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.