Hilltop Holdings Inc. Has $2.93 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Hilltop Holdings Inc. raised its stake in Arhaus, Inc. (NASDAQ:ARHS) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,149 shares of the company’s stock after purchasing an additional 5,074 shares during the period. Hilltop Holdings Inc. owned 0.18% of Arhaus worth $2,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Arhaus in the third quarter valued at $53,000. Barclays PLC boosted its position in shares of Arhaus by 65.4% in the third quarter. Barclays PLC now owns 7,092 shares of the company’s stock valued at $66,000 after acquiring an additional 2,803 shares during the period. National Bank of Canada FI boosted its position in shares of Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after acquiring an additional 5,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Arhaus in the third quarter valued at about $118,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. TD Cowen boosted their target price on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Arhaus in a research report on Thursday, May 9th. Robert W. Baird upped their price objective on shares of Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Bank of America upped their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $16.56.

Arhaus Price Performance

Shares of ARHS traded up $0.79 during mid-day trading on Friday, reaching $16.80. The company had a trading volume of 1,042,064 shares, compared to its average volume of 1,202,518. The company’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $12.65. Arhaus, Inc. has a 1-year low of $6.75 and a 1-year high of $17.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.61 and a beta of 2.48.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. Analysts expect that Arhaus, Inc. will post 0.76 EPS for the current year.

Arhaus Dividend Announcement

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

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.