Voya Investment Management LLC Purchases 1,497,694 Shares of Arhaus, Inc. $ARHS

by · The Cerbat Gem

Voya Investment Management LLC raised its position in Arhaus, Inc. (NASDAQ:ARHS – Free Report) by 10,207.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,367 shares of the company’s stock after buying an additional 1,497,694 shares during the quarter. Voya Investment Management LLC owned 1.07% of Arhaus worth $16,076,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ARHS. FORA Capital LLC acquired a new stake in Arhaus in the 2nd quarter worth about $181,000. Tower Research Capital LLC TRC increased its holdings in shares of Arhaus by 224.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,391 shares of the company’s stock worth $64,000 after purchasing an additional 5,116 shares during the period. Wasatch Advisors LP raised its position in shares of Arhaus by 6.8% in the second quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock valued at $110,137,000 after buying an additional 811,337 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Arhaus by 21.8% in the second quarter. Rafferty Asset Management LLC now owns 18,958 shares of the company’s stock valued at $164,000 after buying an additional 3,390 shares during the period. Finally, Man Group plc acquired a new stake in Arhaus during the second quarter worth approximately $693,000. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ARHS. Weiss Ratings reissued a “hold (c-)” rating on shares of Arhaus in a report on Monday, December 8th. Wall Street Zen cut shares of Arhaus from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $12.00 price target on shares of Arhaus in a research report on Thursday, November 6th. Gordon Haskett initiated coverage on shares of Arhaus in a research report on Thursday, September 18th. They set a “hold” rating and a $12.00 price objective for the company. Finally, Zacks Research cut Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.11.

Get Our Latest Stock Report on ARHS

Arhaus Stock Up 2.6%

Shares of NASDAQ:ARHS opened at $11.87 on Tuesday. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $13.02. The company has a market capitalization of $1.67 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 6.33 and a beta of 2.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.64 and a current ratio of 1.34. The company has a fifty day moving average of $10.23 and a 200-day moving average of $10.20.

Arhaus (NASDAQ:ARHS – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $344.57 million for the quarter, compared to analyst estimates of $338.26 million. Arhaus had a return on equity of 19.62% and a net margin of 5.40%.Arhaus’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities analysts predict that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Arhaus Company Profile

(Free Report)

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.

Featured Stories