Signaturefd LLC Has $1.33 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC boosted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 507.6% in the third quarter, Holdings Channel.com reports. The fund owned 107,743 shares of the company’s stock after buying an additional 90,010 shares during the quarter. Signaturefd LLC’s holdings in Arhaus were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank acquired a new stake in shares of Arhaus during the second quarter worth $30,000. Quest Partners LLC boosted its holdings in 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 buying an additional 7,168 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Arhaus during the 2nd quarter worth about $183,000. Ballentine Partners LLC bought a new stake in shares of Arhaus in the 1st quarter valued at about $204,000. Finally, Aspiriant LLC acquired a new stake in shares of Arhaus in the 1st quarter valued at approximately $204,000. Institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ARHS shares. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Wedbush began coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 price objective for the company. Bank of America reduced their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Finally, Robert W. Baird cut their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.73.

Arhaus Stock Down 2.0 %

Shares of Arhaus stock opened at $8.71 on Thursday. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The business’s 50 day simple moving average is $11.42 and its 200 day simple moving average is $14.29. The firm has a market cap of $1.22 billion, a PE ratio of 11.46, a P/E/G ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, analysts predict that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

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.