Cornerstone Investment Partners LLC Takes $198,000 Position in Arhaus, Inc. (NASDAQ:ARHS)

Cornerstone Investment Partners LLC acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,677 shares of the company’s stock, valued at approximately $198,000.

Several other large investors also recently made changes to their positions in ARHS. Quantbot Technologies LP acquired a new position in shares of Arhaus in the second quarter worth about $29,000. UBS Group AG acquired a new position in shares of Arhaus in the first quarter worth about $36,000. Quarry LP acquired a new position in shares of Arhaus in the first quarter worth about $36,000. Barclays PLC boosted its holdings in shares of Arhaus by 428,800.0% in the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock worth $45,000 after buying an additional 4,288 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Arhaus in the second quarter worth about $45,000. Institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ARHS. Telsey Advisory Group raised their target price on shares of Arhaus from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Bank of America increased their price target on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Arhaus Price Performance

Shares of ARHS opened at $13.83 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 15.54, a PEG ratio of 2.43 and a beta of 2.42. The firm’s 50 day moving average price is $14.37 and its 200 day moving average price is $11.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. Arhaus, Inc. has a twelve month low of $6.75 and a twelve month high of $16.60.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, research analysts expect that Arhaus, Inc. will post 0.76 EPS for the current fiscal year.

Arhaus Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.