Algert Global LLC Boosts Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Algert Global LLC grew its position in Arhaus, Inc. (NASDAQ:ARHS) by 21.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 103,261 shares of the company’s stock after purchasing an additional 18,040 shares during the period. Algert Global LLC’s holdings in Arhaus were worth $1,271,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARHS. Vanguard Group Inc. grew its stake in shares of Arhaus by 11.8% in the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after buying an additional 463,749 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in shares of Arhaus during the 1st quarter worth approximately $8,326,000. Bayesian Capital Management LP purchased a new position in shares of Arhaus during the 1st quarter worth approximately $290,000. Janus Henderson Group PLC boosted its position in shares of Arhaus by 188.1% during the 1st quarter. Janus Henderson Group PLC now owns 44,774 shares of the company’s stock worth $688,000 after purchasing an additional 29,231 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Arhaus by 66.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 98,858 shares of the company’s stock worth $1,521,000 after purchasing an additional 39,626 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

ARHS has been the subject of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. TD Cowen lowered their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wedbush lowered their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their price target on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Price Performance

Shares of ARHS opened at $10.10 on Friday. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81. The firm’s fifty day simple moving average is $10.13 and its 200-day simple moving average is $13.41. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 14.00 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data 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 firm had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts forecast that Arhaus, Inc. will post 0.42 EPS for the current fiscal 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.