Silvercrest Asset Management Group LLC Has $6.24 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Silvercrest Asset Management Group LLC lowered its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 663,290 shares of the company’s stock after selling 6,507 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.47% of Arhaus worth $6,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARHS. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus in the fourth quarter worth $58,000. KLP Kapitalforvaltning AS acquired a new position in Arhaus during the 4th quarter worth $69,000. AlphaQuest LLC lifted its position in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after acquiring an additional 5,786 shares during the last quarter. Cetera Investment Advisers bought a new stake in Arhaus during the fourth quarter valued at about $99,000. Finally, Stephens Inc. AR acquired a new stake in shares of Arhaus in the fourth quarter valued at about $109,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Trading Up 3.3%

Shares of ARHS stock opened at $8.66 on Monday. The firm has a fifty day moving average of $8.36 and a 200-day moving average of $9.78. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 11.57 and a beta of 2.65. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $19.81. 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 (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. On average, equities research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on ARHS. Robert W. Baird cut Arhaus from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler dropped their price target on Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Morgan Stanley cut their price target on Arhaus from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, May 9th. Stifel Nicolaus lowered their price objective on shares of Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Finally, Baird R W lowered shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Arhaus presently has a consensus rating of “Hold” and a consensus target price of $10.50.

About Arhaus

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.