Arhaus, Inc. (NASDAQ:ARHS) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 68.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,979 shares of the company’s stock after purchasing an additional 3,635 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arhaus were worth $106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Voss Capital LLC lifted its position in Arhaus by 23.0% during the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after buying an additional 115,000 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Arhaus by 50.0% in the 4th quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock valued at $3,271,000 after acquiring an additional 91,356 shares during the period. Algert Global LLC lifted its holdings in shares of Arhaus by 192.5% during the 3rd quarter. Algert Global LLC now owns 243,045 shares of the company’s stock valued at $2,260,000 after acquiring an additional 159,955 shares in the last quarter. Swiss National Bank boosted its position in Arhaus by 43.7% during the 3rd quarter. Swiss National Bank now owns 74,600 shares of the company’s stock worth $694,000 after purchasing an additional 22,700 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Arhaus by 28.3% during the 3rd quarter. Acadian Asset Management LLC now owns 84,535 shares of the company’s stock worth $785,000 after purchasing an additional 18,653 shares during the period. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ARHS has been the topic of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a research report on Thursday. Bank of America increased their target price on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.25.

Arhaus Stock Performance

NASDAQ:ARHS opened at $15.50 on Friday. The firm has a 50-day moving average of $14.55 and a two-hundred day moving average of $12.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78. The stock has a market cap of $2.17 billion, a P/E ratio of 17.42, a PEG ratio of 2.30 and a beta of 2.48. Arhaus, Inc. has a 1-year low of $6.75 and a 1-year high of $16.60.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $336.73 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, research analysts expect that Arhaus, Inc. will post 0.75 earnings per share for the current fiscal year.

Arhaus Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

About Arhaus

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.