Principal Financial Group Inc. Acquires New Stake in Arhaus, Inc. $ARHS

Principal Financial Group Inc. bought a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 109,498 shares of the company’s stock, valued at approximately $742,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Arhaus by 89.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after acquiring an additional 1,315 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Arhaus by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company’s stock worth $265,000 after purchasing an additional 1,326 shares during the period. Deutsche Bank AG lifted its position in shares of Arhaus by 4.6% during the fourth quarter. Deutsche Bank AG now owns 39,447 shares of the company’s stock worth $442,000 after purchasing an additional 1,725 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Arhaus by 19.2% during the third quarter. Virtu Financial LLC now owns 13,402 shares of the company’s stock worth $142,000 after purchasing an additional 2,161 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Arhaus by 20.9% in the fourth quarter. AQR Capital Management LLC now owns 12,993 shares of the company’s stock valued at $146,000 after purchasing an additional 2,245 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

Shares of ARHS opened at $7.41 on Friday. Arhaus, Inc. has a 1 year low of $5.57 and a 1 year high of $12.98. The stock has a market capitalization of $1.05 billion, a PE ratio of 15.77, a PEG ratio of 2.96 and a beta of 2.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.46 and a current ratio of 1.25. The stock has a 50-day simple moving average of $7.42 and a 200-day simple moving average of $7.86.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $314.28 million for the quarter, compared to analyst estimates of $313.97 million. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. On average, analysts predict that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ARHS shares. Robert W. Baird set a $8.00 price objective on shares of Arhaus in a report on Friday, May 8th. Jefferies Financial Group reduced their target price on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Stifel Nicolaus decreased their price target on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Guggenheim dropped their price target on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Wall Street Zen raised Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.58.

About Arhaus

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.