Paradigm Capital Management Inc. NY Invests $564,000 in Arhaus, Inc. (NASDAQ:ARHS)

Paradigm Capital Management Inc. NY bought a new stake in Arhaus, Inc. (NASDAQ:ARHS) in the 4th quarter, Holdings Channel.com reports. The firm bought 60,000 shares of the company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARHS. Vanguard Group Inc. raised its position in shares of Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock valued at $47,589,000 after purchasing an additional 50,250 shares during the period. Dimensional Fund Advisors LP lifted its position in Arhaus by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,362 shares of the company’s stock worth $7,937,000 after purchasing an additional 20,457 shares during the period. Geode Capital Management LLC grew its stake in Arhaus by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,219,876 shares of the company’s stock worth $11,470,000 after buying an additional 11,895 shares in the last quarter. Procyon Advisors LLC bought a new position in Arhaus in the 4th quarter valued at about $293,000. Finally, Stifel Financial Corp lifted its holdings in shares of Arhaus by 61.0% during the 4th quarter. Stifel Financial Corp now owns 75,927 shares of the company’s stock worth $714,000 after acquiring an additional 28,761 shares during the period. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Up 0.5%

Shares of NASDAQ ARHS opened at $8.70 on Tuesday. The company’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $9.78. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The firm has a market cap of $1.22 billion, a PE ratio of 15.54, a P/E/G ratio of 11.57 and a beta of 2.65. 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 (NASDAQ:ARHS) last posted its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARHS has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Guggenheim lowered their price objective on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $10.00 target price on shares of Arhaus in a report on Thursday, May 15th. Stifel Nicolaus cut their price target on Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Finally, Baird R W cut Arhaus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of “Hold” and an average target price of $10.50.

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.