MetLife Investment Management LLC Buys 16,891 Shares of Arhaus, Inc. (NASDAQ:ARHS)

MetLife Investment Management LLC increased its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 129.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,978 shares of the company’s stock after acquiring an additional 16,891 shares during the quarter. MetLife Investment Management LLC’s holdings in Arhaus were worth $369,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARHS. Amalgamated Bank acquired a new stake in shares of Arhaus during the 2nd quarter worth approximately $30,000. Quantbot Technologies LP bought a new stake in Arhaus during the third quarter worth $43,000. Quest Partners LLC boosted its holdings in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Arhaus in the 3rd quarter valued at $131,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Arhaus during the 2nd quarter worth $183,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $10.52 on Monday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 18.79, a P/E/G ratio of 14.30 and a beta of 2.58. The firm’s 50-day moving average price is $9.80 and its 200-day moving average price is $13.09. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 1-year low of $8.30 and a 1-year high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS 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 firm had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period last year, the business posted $0.14 EPS. 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 fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Wedbush dropped their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.90.

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.