Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,000 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Arhaus were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Carnegie Investment Counsel lifted its holdings in Arhaus by 176.8% during the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after purchasing an additional 188,240 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after acquiring an additional 134,312 shares during the last quarter. LMR Partners LLP acquired a new position in Arhaus in the 3rd quarter valued at about $4,308,000. Sei Investments Co. grew its position in Arhaus by 25.6% in the second quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock worth $8,154,000 after acquiring an additional 98,240 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Arhaus during the 3rd quarter worth $814,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ARHS shares. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus boosted their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and an average price target of $12.20.

Arhaus Stock Up 3.3 %

ARHS opened at $12.25 on Friday. The business has a 50 day simple moving average of $10.16 and a 200-day simple moving average of $11.39. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. The stock has a market capitalization of $1.72 billion, a P/E ratio of 21.88, a P/E/G ratio of 12.07 and a beta of 2.58. 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 issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. On average, equities analysts anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Arhaus 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.