Quantbot Technologies LP Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Quantbot Technologies LP bought a new position in Arhaus, Inc. (NASDAQ:ARHS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,530 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Arhaus in the second quarter valued at about $30,000. Quest Partners LLC raised its holdings in shares of Arhaus by 716,800.0% in the 2nd 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 in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $131,000. Ground Swell Capital LLC bought a new position in shares of Arhaus during the second quarter valued at approximately $183,000. Finally, Olympiad Research LP purchased a new position in Arhaus during the third quarter valued at approximately $202,000. Institutional investors own 27.88% of the company’s stock.

Analyst Upgrades and Downgrades

ARHS has been the topic of a number of analyst reports. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Telsey Advisory Group upgraded shares of Arhaus from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.00 to $12.00 in a report on Thursday, November 14th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Barclays cut their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Four equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Trading Down 1.7 %

NASDAQ:ARHS opened at $10.52 on Friday. The company has a market capitalization of $1.48 billion, a P/E 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 12 month low of $8.30 and a 12 month high of $19.81. The firm has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $13.11.

Arhaus (NASDAQ:ARHS) last issued its quarterly 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 for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share 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.