Northern Trust Corp Raises Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Northern Trust Corp boosted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547,370 shares of the company’s stock after acquiring an additional 30,127 shares during the quarter. Northern Trust Corp owned 0.39% of Arhaus worth $5,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ARHS. KLP Kapitalforvaltning AS purchased a new stake in Arhaus during the 4th quarter valued at about $69,000. AlphaQuest LLC raised its position in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after purchasing an additional 5,786 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Arhaus in the 4th quarter valued at approximately $109,000. Mariner LLC purchased a new position in shares of Arhaus in the 4th quarter valued at approximately $120,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Arhaus in the 4th quarter valued at approximately $140,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

Shares of ARHS stock opened at $8.59 on Wednesday. The company has a market cap of $1.21 billion, a P/E ratio of 15.34, a PEG ratio of 11.57 and a beta of 2.65. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. The firm has a fifty day moving average price of $8.36 and a 200 day moving average price of $9.77.

Arhaus (NASDAQ:ARHS) last announced its earnings results 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 business had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. During the same quarter last year, the company posted $0.11 EPS. Arhaus’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARHS has been the subject of a number of recent research reports. Guggenheim lowered their price objective on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Loop Capital cut their price target on Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a report on Friday, May 9th. Stifel Nicolaus lowered their price objective on Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Robert W. Baird downgraded Arhaus from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Finally, Piper Sandler decreased their target price on Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

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.