Olympiad Research LP Invests $202,000 in Arhaus, Inc. (NASDAQ:ARHS)

Olympiad Research LP bought a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,386 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARHS. Amalgamated Bank purchased a new position in shares of Arhaus during the 2nd quarter worth approximately $30,000. Quest Partners LLC grew its stake in Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares during the period. Ground Swell Capital LLC bought a new position in Arhaus in the second quarter worth $183,000. Virtu Financial LLC purchased a new position in Arhaus during the first quarter valued at $212,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Arhaus during the 2nd quarter valued at $244,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Robert W. Baird lowered their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $11.00 in a report on Thursday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and an average target price of $12.80.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $9.68 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. The business has a 50-day simple moving average of $10.65 and a two-hundred day simple moving average of $13.78. Arhaus, Inc. has a fifty-two week low of $8.04 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts expect that Arhaus, Inc. will post 0.47 earnings per share for the current year.

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.