EVR Research LP Buys Shares of 100,000 Arhaus, Inc. $ARHS

EVR Research LP purchased a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,063,000. Arhaus makes up 0.6% of EVR Research LP’s portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC grew its position in Arhaus by 10,207.1% in the third quarter. Voya Investment Management LLC now owns 1,512,367 shares of the company’s stock valued at $16,076,000 after purchasing an additional 1,497,694 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Arhaus during the 3rd quarter worth about $2,396,000. Eisler Capital Management Ltd. acquired a new position in shares of Arhaus during the 2nd quarter worth about $562,000. JPMorgan Chase & Co. grew its holdings in shares of Arhaus by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,548,946 shares of the company’s stock valued at $22,099,000 after acquiring an additional 97,149 shares in the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of Arhaus by 207.9% in the 3rd quarter. CenterBook Partners LP now owns 1,056,367 shares of the company’s stock valued at $11,229,000 after acquiring an additional 713,324 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARHS shares. Telsey Advisory Group upped their target price on Arhaus from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Jefferies Financial Group restated a “hold” rating and issued a $9.50 price target on shares of Arhaus in a research note on Thursday, February 26th. TD Cowen dropped their price objective on Arhaus from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Morgan Stanley increased their price objective on Arhaus from $10.50 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Arhaus in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.00.

Arhaus Price Performance

NASDAQ:ARHS opened at $7.06 on Friday. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $12.98. The firm has a market capitalization of $995.88 million, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.50 and a beta of 2.54. The stock’s 50 day moving average price is $9.69 and its two-hundred day moving average price is $10.31. The company has a quick ratio of 0.62, a current ratio of 1.37 and a debt-to-equity ratio of 0.13.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, February 26th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $364.85 million during the quarter, compared to the consensus estimate of $351.53 million. Arhaus had a return on equity of 17.32% and a net margin of 4.88%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Arhaus Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, March 18th.

Arhaus Company Profile

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.