Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in Arhaus, Inc. (NASDAQ:ARHS) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,464 shares of the company’s stock after acquiring an additional 3,868 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Arhaus were worth $193,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock valued at $47,589,000 after purchasing an additional 50,250 shares during the period. JPMorgan Chase & Co. grew its position in shares of Arhaus by 32.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock valued at $24,348,000 after purchasing an additional 627,952 shares during the period. Emerald Advisers LLC grew its position in shares of Arhaus by 18.7% in the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after purchasing an additional 256,887 shares during the period. Bank of New York Mellon Corp grew its position in shares of Arhaus by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock valued at $14,894,000 after purchasing an additional 120,582 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Arhaus by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock valued at $13,163,000 after purchasing an additional 168,800 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Performance

ARHS stock opened at $8.66 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company has a 50 day moving average price of $8.36 and a 200 day moving average price of $9.77. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $19.81. The stock has a market capitalization of $1.22 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. During the same quarter last year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Arhaus, Inc. will post 0.46 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ARHS. Morgan Stanley lowered their price target on Arhaus from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Guggenheim decreased their target price on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Stifel Nicolaus decreased their target price on Arhaus from $11.50 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Baird R W downgraded Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Finally, Loop Capital decreased their target price on Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Arhaus currently has an average rating of “Hold” and a consensus price target of $10.50.

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.