Harbor Capital Advisors Inc. Grows Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Harbor Capital Advisors Inc. boosted its stake in Arhaus, Inc. (NASDAQ:ARHS) by 26.1% in the first quarter, Holdings Channel reports. The fund owned 677,281 shares of the company’s stock after buying an additional 139,985 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Arhaus were worth $5,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Daymark Wealth Partners LLC boosted its stake in shares of Arhaus by 39.5% during the 1st quarter. Daymark Wealth Partners LLC now owns 60,000 shares of the company’s stock valued at $522,000 after buying an additional 17,000 shares during the last quarter. Procyon Advisors LLC boosted its stake in shares of Arhaus by 26.5% during the 1st quarter. Procyon Advisors LLC now owns 39,406 shares of the company’s stock valued at $343,000 after buying an additional 8,250 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Arhaus by 3.2% during the 1st quarter. Rhumbline Advisers now owns 73,761 shares of the company’s stock valued at $642,000 after buying an additional 2,255 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Arhaus by 1,158.4% during the 1st quarter. GAMMA Investing LLC now owns 9,614 shares of the company’s stock valued at $840,000 after buying an additional 8,850 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Arhaus by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock valued at $13,163,000 after buying an additional 168,800 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $8.81 on Wednesday. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The business’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $9.69. The firm has a market capitalization of $1.24 billion, a PE ratio of 15.73, a P/E/G ratio of 11.57 and a beta of 2.63.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. During the same period in the prior year, the business earned $0.11 earnings per share. Arhaus’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Arhaus, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley reduced their target price on Arhaus from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Baird R W cut Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Loop Capital reduced their target price on Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Robert W. Baird cut Arhaus from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $8.50 in a research note on Monday, April 7th. Finally, Piper Sandler reduced their price objective on Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.50.

Arhaus 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.