Janus Henderson Group PLC Increases Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Janus Henderson Group PLC raised its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,402 shares of the company’s stock after buying an additional 3,185 shares during the period. Janus Henderson Group PLC’s holdings in Arhaus were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARHS. SG Americas Securities LLC increased its stake in shares of Arhaus by 41.4% in the 4th quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock worth $217,000 after acquiring an additional 6,773 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Arhaus in the 4th quarter worth about $140,000. Yorktown Management & Research Co Inc increased its stake in shares of Arhaus by 105.5% in the 4th quarter. Yorktown Management & Research Co Inc now owns 28,250 shares of the company’s stock worth $266,000 after acquiring an additional 14,500 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Arhaus in the 4th quarter worth about $109,000. Finally, Lightrock Netherlands B.V. bought a new position in shares of Arhaus in the 4th quarter worth about $1,086,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Trading Down 0.5%

ARHS opened at $8.17 on Friday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The company’s 50 day simple moving average is $8.31 and its two-hundred day simple moving average is $9.76. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Arhaus in a research note on Thursday, May 15th. Loop Capital reduced their price objective on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Guggenheim reduced their price target on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Finally, Piper Sandler reduced their price target on shares of Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.