Arhaus, Inc. (NASDAQ:ARHS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,893 shares of the company’s stock after buying an additional 1,416 shares during the period. Victory Capital Management Inc.’s holdings in Arhaus were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. North Growth Management Ltd. boosted its position in shares of Arhaus by 15.0% during the third quarter. North Growth Management Ltd. now owns 553,000 shares of the company’s stock worth $6,813,000 after buying an additional 72,000 shares during the period. Privium Fund Management B.V. boosted its position in shares of Arhaus by 34.7% during the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock worth $268,000 after buying an additional 5,600 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Arhaus during the third quarter worth approximately $814,000. Olympiad Research LP acquired a new position in shares of Arhaus during the third quarter worth approximately $202,000. Finally, Emerald Advisers LLC boosted its position in shares of Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Price Performance

NASDAQ ARHS opened at $9.93 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 17.73, a P/E/G ratio of 13.25 and a beta of 2.58. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81. The business’s fifty day moving average is $10.01 and its two-hundred day moving average is $13.34. 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 (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts forecast that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ARHS. Stifel Nicolaus dropped their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. TD Cowen dropped their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.