Charles Schwab Investment Management Inc. Purchases 69,853 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Charles Schwab Investment Management Inc. lifted its position in Arhaus, Inc. (NASDAQ:ARHS) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,575 shares of the company’s stock after acquiring an additional 69,853 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.30% of Arhaus worth $5,251,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Carnegie Investment Counsel increased its stake in Arhaus by 176.8% in the 3rd 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 during the period. Sei Investments Co. increased its stake in Arhaus by 25.6% in the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock worth $8,154,000 after buying an additional 98,240 shares during the period. Principal Financial Group Inc. purchased a new position in Arhaus in the 3rd quarter worth about $814,000. LMR Partners LLP purchased a new position in Arhaus in the 3rd quarter worth about $4,308,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Arhaus by 67.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock worth $1,626,000 after buying an additional 38,628 shares during the period. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $10.82 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 19.32, a PEG ratio of 13.80 and a beta of 2.59. The firm has a fifty day moving average of $9.78 and a 200 day moving average of $12.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a one year low of $8.30 and a one year high of $19.81.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same period in the previous year, the company earned $0.14 EPS. Arhaus’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, research analysts predict that Arhaus, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on ARHS shares. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush cut their target price 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. Barclays cut their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus cut 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.90.

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.