Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by North Growth Management Ltd.

North Growth Management Ltd. reduced its stake in Arhaus, Inc. (NASDAQ:ARHS) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 544,000 shares of the company’s stock after selling 9,000 shares during the quarter. North Growth Management Ltd.’s holdings in Arhaus were worth $5,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Daymark Wealth Partners LLC boosted its stake in Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after purchasing an additional 1,000 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares during the last quarter. Soros Capital Management LLC raised its holdings in shares of Arhaus by 18.2% in 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after buying an additional 3,529 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Arhaus in the third quarter worth approximately $43,000. 27.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays reduced their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Stifel Nicolaus boosted their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Stock Down 6.1 %

Arhaus stock opened at $12.19 on Friday. The firm’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $11.12. The firm has a market cap of $1.71 billion, a PE ratio of 21.77, a P/E/G ratio of 13.29 and a beta of 2.63. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Arhaus’s revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

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.