Principal Financial Group Inc. Buys Shares of 109,498 Arhaus, Inc. $ARHS

Principal Financial Group Inc. purchased a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 109,498 shares of the company’s stock, valued at approximately $742,000. Principal Financial Group Inc. owned 0.08% of Arhaus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Arhaus by 89.8% in the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after purchasing an additional 1,315 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 raised its stake in 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 during the period. Virtu Financial LLC boosted its holdings in Arhaus by 19.2% in the 3rd quarter. Virtu Financial LLC now owns 13,402 shares of the company’s stock valued at $142,000 after purchasing an additional 2,161 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Arhaus by 20.9% in the 4th 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 last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Analyst Upgrades and Downgrades

ARHS has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, May 11th. Piper Sandler decreased their price objective on Arhaus from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arhaus in a research report on Wednesday, June 17th. Guggenheim cut their target price on 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 upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.58.

Arhaus Price Performance

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

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. As a group, equities research analysts expect that Arhaus, Inc. will post 0.47 earnings per share for the current year.

Arhaus Profile

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.