Acuitas Investments LLC Buys Shares of 318,728 Arhaus, Inc. (NASDAQ:ARHS)

Acuitas Investments LLC bought a new stake in Arhaus, Inc. (NASDAQ:ARHS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 318,728 shares of the company’s stock, valued at approximately $3,777,000. Arhaus makes up approximately 1.9% of Acuitas Investments LLC’s holdings, making the stock its 9th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in ARHS. Barclays PLC increased its holdings in Arhaus by 428,800.0% in the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after buying an additional 4,288 shares in the last quarter. North Growth Management Ltd. increased its stake in shares of Arhaus by 111.1% during the 3rd quarter. North Growth Management Ltd. now owns 266,000 shares of the company’s stock worth $2,477,000 after purchasing an additional 140,000 shares in the last quarter. Voss Capital LLC increased its stake in shares of Arhaus by 24.2% during the 3rd quarter. Voss Capital LLC now owns 500,000 shares of the company’s stock worth $4,650,000 after purchasing an additional 97,411 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Arhaus by 19.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 96,696 shares of the company’s stock worth $899,000 after purchasing an additional 15,967 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in shares of Arhaus during the 3rd quarter worth approximately $6,016,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Arhaus from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Bank of America raised their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

Arhaus Trading Down 4.4 %

NASDAQ ARHS traded down $0.65 during mid-day trading on Wednesday, reaching $14.06. 1,234,109 shares of the stock were exchanged, compared to its average volume of 1,120,447. Arhaus, Inc. has a 1-year low of $6.75 and a 1-year high of $16.60. The business’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $11.71. The stock has a market capitalization of $1.97 billion, a PE ratio of 16.84, a PEG ratio of 2.46 and a beta of 2.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $336.73 million. During the same quarter last year, the business earned $0.34 earnings per share. On average, research analysts anticipate that Arhaus, Inc. will post 0.75 earnings per share for the current fiscal year.

Arhaus Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, March 20th.

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.