Yorktown Management & Research Co Inc Grows Stake in Arhaus, Inc. (NASDAQ:ARHS)

Yorktown Management & Research Co Inc lifted its position in Arhaus, Inc. (NASDAQ:ARHS) by 105.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,250 shares of the company’s stock after purchasing an additional 14,500 shares during the period. Yorktown Management & Research Co Inc’s holdings in Arhaus were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ARHS. Daymark Wealth Partners LLC raised its holdings in Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares during the period. Victory Capital Management Inc. raised its holdings in 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 period. Soros Capital Management LLC raised its holdings in 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 during the period. Janus Henderson Group PLC raised its holdings in Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares during the period. Finally, Quantbot Technologies LP bought a new position in Arhaus in the 3rd quarter worth $43,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Stifel Nicolaus raised their price target on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group raised their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Trading Up 7.4 %

Shares of Arhaus stock opened at $12.41 on Wednesday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 12.57 and a beta of 2.63. The business has a 50-day moving average price of $10.61 and a 200-day moving average price of $11.13. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data 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). The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities research analysts anticipate 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.