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

Harbor Capital Advisors Inc. grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 537,296 shares of the company’s stock after acquiring an additional 157,515 shares during the quarter. Harbor Capital Advisors Inc. owned 0.38% of Arhaus worth $5,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Amalgamated Bank purchased a new position in Arhaus in the 2nd quarter worth $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter valued at about $43,000. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC bought a new stake in shares of Arhaus in the 3rd quarter valued at about $131,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Arhaus during the 2nd quarter valued at about $244,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Trading Up 15.0 %

ARHS opened at $10.88 on Friday. The business has a 50 day moving average of $9.79 and a 200-day moving average of $11.74. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.53 billion, a PE ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its earnings results 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 business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same period in the prior year, the business posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARHS. Craig Hallum cut 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 note on Tuesday, October 15th. Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday. Wedbush decreased their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.