Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Arhaus, Inc. (NASDAQ:ARHS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 68.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,979 shares of the company’s stock after buying an additional 3,635 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arhaus were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Arhaus by 61.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock valued at $28,450,000 after acquiring an additional 1,159,856 shares during the last quarter. Scopus Asset Management L.P. purchased a new position in Arhaus during the third quarter worth approximately $17,671,000. Summit Creek Advisors LLC boosted its stake in Arhaus by 8.3% during the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company’s stock worth $12,481,000 after buying an additional 102,402 shares during the last quarter. Voss Capital LLC grew its holdings in Arhaus by 23.0% in the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after buying an additional 115,000 shares in the last quarter. Finally, Meros Investment Management LP increased its stake in shares of Arhaus by 115.7% in the 3rd quarter. Meros Investment Management LP now owns 539,596 shares of the company’s stock worth $5,018,000 after acquiring an additional 289,423 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Performance

Shares of Arhaus stock opened at $15.50 on Friday. Arhaus, Inc. has a one year low of $6.75 and a one year high of $16.60. The business has a 50-day simple moving average of $14.55 and a 200-day simple moving average of $12.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. The company has a market cap of $2.17 billion, a PE ratio of 17.42, a P/E/G ratio of 2.30 and a beta of 2.48.

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

Arhaus Announces Dividend

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

Wall Street Analysts Forecast Growth

ARHS has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 price target on shares of Arhaus in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and a consensus price target of $15.25.

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.