UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $680,000 Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 20.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,215 shares of the company’s stock after purchasing an additional 9,248 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Arhaus were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ARHS. American Century Companies Inc. raised its stake in shares of Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. Emerald Advisers LLC increased its holdings in Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Arhaus in the second quarter worth approximately $21,034,000. Bank of New York Mellon Corp raised its position in Arhaus by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company’s stock valued at $20,919,000 after acquiring an additional 48,406 shares in the last quarter. Finally, Interval Partners LP lifted its stake in Arhaus by 9.4% in the second quarter. Interval Partners LP now owns 772,288 shares of the company’s stock valued at $13,083,000 after acquiring an additional 66,583 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ARHS. Stifel Nicolaus dropped their price target 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. Barclays lowered their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Bank of America lowered 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. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Wedbush cut their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Price Performance

NASDAQ ARHS opened at $9.09 on Friday. The stock has a 50-day simple moving average of $9.70 and a 200 day simple moving average of $12.72. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81. The stock has a market capitalization of $1.28 billion, a PE ratio of 16.23, a P/E/G ratio of 14.78 and a beta of 2.58. 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 (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $328.94 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Arhaus, Inc. will post 0.42 EPS 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.