Dynamic Technology Lab Private Ltd Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 3rd quarter, HoldingsChannel reports. The firm bought 65,149 shares of the company’s stock, valued at approximately $802,000.

Other large investors also recently made changes to their positions in the company. Amalgamated Bank acquired a new position in Arhaus in the 2nd quarter valued at approximately $30,000. Quest Partners LLC raised its holdings in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Arhaus during the third quarter valued at $131,000. Ground Swell Capital LLC purchased a new position in Arhaus in the second quarter valued at about $183,000. Finally, Olympiad Research LP acquired a new position in Arhaus in the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird lowered their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. TD Cowen cut their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Telsey Advisory Group raised Arhaus from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Four investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Stock Performance

NASDAQ:ARHS opened at $10.10 on Thursday. The firm’s 50-day moving average is $10.20 and its 200-day moving average is $13.43. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 14.00 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a 52-week low of $8.30 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share for the current year.

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.