Daymark Wealth Partners LLC Grows Stake in Arhaus, Inc. (NASDAQ:ARHS)

Daymark Wealth Partners LLC lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 43,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Arhaus were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ARHS. Amalgamated Bank acquired a new stake in Arhaus in the second quarter valued at $30,000. Quantbot Technologies LP bought a new stake in Arhaus in the 3rd quarter valued at about $43,000. Intech Investment Management LLC bought a new stake in shares of Arhaus during the third quarter valued at approximately $131,000. Olympiad Research LP acquired a new position in Arhaus during the 3rd quarter worth $202,000. Finally, Handelsbanken Fonder AB acquired a new stake in Arhaus in the third quarter worth about $207,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Stifel Nicolaus lifted their price target on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $12.25 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $10.16 and a 200 day moving average price of $11.39. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 12.07 and a beta of 2.58. Arhaus, Inc. has a twelve month low of $8.30 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. Research analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current year.

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.