Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC lessened its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,139 shares of the company’s stock after selling 78,031 shares during the quarter. Arhaus makes up about 2.6% of Acuitas Investments LLC’s investment portfolio, making the stock its 4th largest holding. Acuitas Investments LLC’s holdings in Arhaus were worth $4,830,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ARHS. Wasatch Advisors LP boosted its holdings in Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after purchasing an additional 5,233,776 shares during the period. Nicholas Investment Partners LP bought a new stake in Arhaus in the fourth quarter valued at $6,487,000. Price T Rowe Associates Inc. MD bought a new stake in Arhaus in the first quarter valued at $8,326,000. Silvercrest Asset Management Group LLC bought a new stake in Arhaus in the first quarter valued at $8,301,000. Finally, Vanguard Group Inc. lifted its stake in Arhaus by 11.8% in the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after buying an additional 463,749 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of Arhaus stock opened at $11.13 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $14.03 and its two-hundred day moving average price is $15.05. Arhaus, Inc. has a 52 week low of $7.56 and a 52 week high of $19.81. The stock has a market cap of $1.56 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 14.05 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same period in the previous year, the business earned $0.29 earnings per share. Arhaus’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the transaction, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ARHS shares. Robert W. Baird cut their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a research note on Monday, August 12th. Piper Sandler restated an “overweight” rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Craig Hallum cut their price objective on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the company from $22.00 to $16.00 in a research note on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Arhaus 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.