Oppenheimer Asset Management Inc. Purchases 22,076 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Oppenheimer Asset Management Inc. raised its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,042 shares of the company’s stock after buying an additional 22,076 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of Arhaus worth $1,453,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ARHS. Victory Capital Management Inc. grew its holdings in shares of Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after purchasing an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Arhaus in the 2nd quarter worth $30,000. California State Teachers Retirement System increased its holdings in shares of Arhaus by 16.9% in the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after buying an additional 5,178 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after buying an additional 5,577 shares during the last quarter. Finally, Privium Fund Management B.V. grew its position in Arhaus by 34.7% in the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock worth $268,000 after acquiring an additional 5,600 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of NASDAQ:ARHS opened at $9.40 on Monday. The firm’s 50 day simple moving average is $10.47 and its 200-day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a one year low of $8.30 and a one year high of $19.81. The firm has a market cap of $1.32 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 12.33 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Arhaus, Inc. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARHS. Stifel Nicolaus decreased their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Robert W. Baird lowered their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Telsey Advisory Group raised shares of Arhaus from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.00 to $12.00 in a research note on Thursday. Finally, Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.90.

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.