Wasatch Advisors LP Has $148.46 Million Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Wasatch Advisors LP raised its stake in Arhaus, Inc. (NASDAQ:ARHS) by 26.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,059,711 shares of the company’s stock after buying an additional 2,536,075 shares during the quarter. Wasatch Advisors LP owned 8.58% of Arhaus worth $148,455,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares during the period. Amalgamated Bank acquired a new position in shares of Arhaus during the 2nd quarter worth $30,000. Soros Capital Management LLC increased its stake in shares of Arhaus by 18.2% during the 3rd quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after purchasing an additional 3,358 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Arhaus during the 3rd quarter worth $43,000. Finally, California State Teachers Retirement System increased its stake in shares of Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after purchasing an additional 5,178 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

NASDAQ ARHS opened at $9.93 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $13.34. The company has a market cap of $1.40 billion, a P/E ratio of 17.73, a P/E/G ratio of 13.25 and a beta of 2.58. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year 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 for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same period last year, the company earned $0.14 earnings per share. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Arhaus, Inc. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ARHS shares. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Barclays dropped their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Telsey Advisory Group upgraded shares of Arhaus from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Finally, TD Cowen dropped their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Company 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.