Harbor Capital Advisors Inc. Raises Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Harbor Capital Advisors Inc. lifted its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 41.5% in the 4th quarter, Holdings Channel reports. The firm owned 537,296 shares of the company’s stock after acquiring an additional 157,515 shares during the period. Harbor Capital Advisors Inc.’s holdings in Arhaus were worth $5,051,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ARHS. Rhumbline Advisers raised its position in Arhaus by 9,035.3% in the 2nd quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock worth $1,175,000 after buying an additional 68,578 shares during the last quarter. Quest Partners LLC lifted its position in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares during the period. American Century Companies Inc. boosted its holdings in Arhaus by 120.6% in the second 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 during the last quarter. William Blair Investment Management LLC bought a new stake in Arhaus in the 2nd quarter worth approximately $21,034,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Arhaus by 67.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock valued at $1,626,000 after buying an additional 38,628 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Trading Up 15.0 %

Shares of Arhaus stock opened at $10.88 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. The company has a fifty day moving average of $9.79 and a 200 day moving average of $11.74. The company has a market capitalization of $1.53 billion, a P/E ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (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 for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ARHS. Stifel Nicolaus cut their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Bank of America lowered 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 research report on Thursday, November 7th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $12.10.

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.