Cornerstone Investment Partners LLC Buys Shares of 16,677 Arhaus, Inc. (NASDAQ:ARHS)

Cornerstone Investment Partners LLC acquired a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,677 shares of the company’s stock, valued at approximately $198,000.

A number of other hedge funds also recently made changes to their positions in ARHS. Acadian Asset Management LLC bought a new position in shares of Arhaus during the first quarter worth about $749,000. Blair William & Co. IL increased its holdings in Arhaus by 38.9% in the first quarter. Blair William & Co. IL now owns 36,611 shares of the company’s stock worth $312,000 after purchasing an additional 10,258 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Arhaus by 56.6% in the first quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock worth $75,000 after purchasing an additional 3,213 shares in the last quarter. Northern Trust Corp increased its holdings in Arhaus by 136.8% in the first quarter. Northern Trust Corp now owns 87,684 shares of the company’s stock worth $747,000 after purchasing an additional 50,659 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Arhaus in the first quarter worth approximately $1,905,000. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Telsey Advisory Group lifted their target price on Arhaus from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Bank of America lifted their target price on Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Arhaus Trading Down 1.4 %

Shares of Arhaus stock opened at $13.83 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. Arhaus, Inc. has a 52 week low of $6.75 and a 52 week high of $16.60. The stock has a 50 day moving average price of $14.37 and a two-hundred day moving average price of $11.60. The stock has a market capitalization of $1.94 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.43 and a beta of 2.42.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $336.73 million. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, equities analysts anticipate that Arhaus, Inc. will post 0.76 earnings per share for the current fiscal year.

Arhaus Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.