Olympiad Research LP Purchases Shares of 16,386 Arhaus, Inc. (NASDAQ:ARHS)

Olympiad Research LP acquired a new position in Arhaus, Inc. (NASDAQ:ARHS) during the 3rd quarter, Holdings Channel reports. The firm acquired 16,386 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARHS. Price T Rowe Associates Inc. MD bought a new position in Arhaus in the first quarter worth approximately $8,326,000. Sei Investments Co. raised its holdings in Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock worth $5,896,000 after purchasing an additional 252,192 shares during the period. Harbor Capital Advisors Inc. lifted its position in Arhaus by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock valued at $2,605,000 after purchasing an additional 112,583 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Arhaus by 142.4% during the first quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock valued at $4,794,000 after purchasing an additional 182,979 shares during the period. Finally, Carnegie Investment Counsel increased its position in Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock worth $3,628,000 after buying an additional 188,240 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Stock Down 0.2 %

Shares of ARHS stock opened at $9.68 on Friday. The company’s fifty day simple moving average is $10.65 and its two-hundred day simple moving average is $13.78. Arhaus, Inc. has a 52 week low of $8.04 and a 52 week high of $19.81. The stock has a market cap of $1.36 billion, a P/E ratio of 15.37, a PEG ratio of 9.98 and a beta of 2.58. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted its 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). The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. Arhaus’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts predict that Arhaus, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ARHS has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Wedbush reduced their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Barclays cut their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.80.

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.