Acuitas Investments LLC Takes $3.78 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Acuitas Investments LLC bought a new stake in Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 318,728 shares of the company’s stock, valued at approximately $3,777,000. Arhaus makes up 1.9% of Acuitas Investments LLC’s portfolio, making the stock its 9th biggest holding. Acuitas Investments LLC owned about 0.23% of Arhaus as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Arhaus by 428,800.0% in the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after purchasing an additional 4,288 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Arhaus in the third quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after purchasing an additional 3,635 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Arhaus in the third quarter valued at approximately $118,000. Finally, Sapient Capital LLC acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $118,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Trading Down 4.4 %

ARHS stock traded down $0.65 during midday trading on Wednesday, hitting $14.06. 1,234,109 shares of the company’s stock were exchanged, compared to its average volume of 1,120,447. The business has a 50-day simple moving average of $14.45 and a two-hundred day simple moving average of $11.71. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.97 billion, a PE ratio of 16.84, a P/E/G ratio of 2.46 and a beta of 2.42. Arhaus, Inc. has a 1-year low of $6.75 and a 1-year high of $16.60.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $336.73 million. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that Arhaus, Inc. will post 0.75 EPS for the current fiscal year.

Arhaus Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, March 20th.

Wall Street Analyst Weigh In

ARHS has been the subject of several recent research reports. Telsey Advisory Group increased their price target on Arhaus from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Bank of America raised their target price on Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.25.

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.