Intech Investment Management LLC Takes $131,000 Position in Arhaus, Inc. (NASDAQ:ARHS)

Intech Investment Management LLC acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,673 shares of the company’s stock, valued at approximately $131,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. raised its position in Arhaus by 120.6% in 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 during the period. Emerald Advisers LLC raised its position in Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after purchasing an additional 32,077 shares during the period. William Blair Investment Management LLC purchased a new position in Arhaus in the 2nd quarter worth $21,034,000. Bank of New York Mellon Corp raised its position in Arhaus by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company’s stock worth $20,919,000 after purchasing an additional 48,406 shares during the period. Finally, Interval Partners LP raised its position in Arhaus by 9.4% in the 2nd quarter. Interval Partners LP now owns 772,288 shares of the company’s stock worth $13,083,000 after purchasing an additional 66,583 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Arhaus from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $12.00 in a research report on Thursday, November 14th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. 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 decreased their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Trading Down 1.7 %

Shares of ARHS opened at $10.52 on Friday. The firm’s 50-day moving average price is $9.80 and its 200-day moving average price is $13.11. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 14.30 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 1-year low of $8.30 and a 1-year 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). The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Sell-side analysts anticipate that Arhaus, Inc. will post 0.42 EPS for the current year.

Arhaus Company 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.