Total Clarity Wealth Management Inc. Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Total Clarity Wealth Management Inc. bought a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the fourth quarter, HoldingsChannel reports. The firm bought 14,854 shares of the company’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in Arhaus by 41.4% during the 4th quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock valued at $217,000 after acquiring an additional 6,773 shares during the period. Daymark Wealth Partners LLC lifted its holdings in shares of Arhaus by 2.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after purchasing an additional 1,000 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Arhaus in the 4th quarter worth approximately $293,000. Carnegie Investment Counsel grew its stake in shares of Arhaus by 12.8% in the 4th quarter. Carnegie Investment Counsel now owns 332,410 shares of the company’s stock worth $3,125,000 after buying an additional 37,670 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock worth $5,051,000 after buying an additional 157,515 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Trading Down 2.3 %

NASDAQ:ARHS opened at $12.28 on Friday. The company has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $11.22. The company has a market cap of $1.73 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 12.55 and a beta of 2.58. 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 $8.30 and a 12 month high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

ARHS has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research note on Friday, January 10th. Finally, Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

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.