Carnegie Investment Counsel lessened its position in shares of Arhaus, Inc. (NASDAQ:ARHS – Free Report) by 71.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 40,000 shares of the company’s stock after selling 100,490 shares during the period. Carnegie Investment Counsel’s holdings in Arhaus were worth $271,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in Arhaus by 89.8% during the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after acquiring an additional 1,315 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Arhaus in the 3rd quarter worth about $30,000. Global Retirement Partners LLC acquired a new position in shares of Arhaus in the 4th quarter valued at about $39,000. New York State Teachers Retirement System acquired a new position in shares of Arhaus in the 4th quarter valued at about $52,000. Finally, Quarry LP boosted its position in shares of Arhaus by 203.0% during the 3rd quarter. Quarry LP now owns 4,996 shares of the company’s stock valued at $53,000 after purchasing an additional 3,347 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.
Analysts Set New Price Targets
ARHS has been the subject of several recent analyst reports. Wall Street Zen cut Arhaus from a “hold” rating to a “sell” rating in a research note on Sunday. Telsey Advisory Group set a $8.00 price target on Arhaus and gave the company a “market perform” rating in a research note on Friday, May 8th. Stifel Nicolaus cut their price target on Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group reduced their price objective on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Finally, Robert W. Baird set a $8.00 price objective on shares of Arhaus in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.58.
Arhaus Stock Up 1.3%
Arhaus stock opened at $7.83 on Wednesday. Arhaus, Inc. has a 1-year low of $5.57 and a 1-year high of $12.98. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 3.11 and a beta of 2.28. The firm’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $8.17. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14.
Arhaus (NASDAQ:ARHS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $314.28 million during the quarter, compared to analysts’ expectations of $313.97 million. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.
Arhaus Profile
Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.
The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.
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