Swiss National Bank Lowers Position in Arhaus, Inc. (NASDAQ:ARHS)

Swiss National Bank cut its holdings in shares of Arhaus, Inc. (NASDAQ:ARHSFree Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,800 shares of the company’s stock after selling 6,800 shares during the quarter. Swiss National Bank’s holdings in Arhaus were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Scopus Asset Management L.P. acquired a new position in Arhaus during the 3rd quarter worth about $17,671,000. Vanguard Group Inc. lifted its stake in Arhaus by 61.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after acquiring an additional 1,159,856 shares in the last quarter. Acuitas Investments LLC acquired a new position in Arhaus during the 4th quarter worth about $3,777,000. Meros Investment Management LP lifted its stake in Arhaus by 115.7% during the 3rd quarter. Meros Investment Management LP now owns 539,596 shares of the company’s stock worth $5,018,000 after acquiring an additional 289,423 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Arhaus during the 3rd quarter worth about $2,349,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

Shares of Arhaus stock opened at $18.81 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.73 and a beta of 2.48. Arhaus, Inc. has a 52 week low of $6.75 and a 52 week high of $18.81. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $15.20 and its two-hundred day moving average is $12.87.

Arhaus (NASDAQ:ARHSGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. Research analysts forecast that Arhaus, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ARHS shares. TD Cowen increased their target price on Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Piper Sandler reiterated an “overweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Bank of America upped their target price on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Telsey Advisory Group restated an “outperform” rating and set a $17.00 target price on shares of Arhaus in a research note on Thursday, May 9th. Finally, Robert W. Baird upped their target price on shares of Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.56.

Check Out Our Latest Stock Analysis on Arhaus

About Arhaus

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Arhaus (NASDAQ:ARHS)

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