Arhaus, Inc. (NASDAQ:ARHS) Holdings Decreased by Interval Partners LP

Interval Partners LP lessened its stake in Arhaus, Inc. (NASDAQ:ARHS) by 19.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 705,705 shares of the company’s stock after selling 166,064 shares during the period. Interval Partners LP owned 0.50% of Arhaus worth $10,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARHS. Voss Capital LLC boosted its holdings in shares of Arhaus by 23.0% in the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after acquiring an additional 115,000 shares in the last quarter. FACT Capital LP boosted its stake in Arhaus by 63.6% during the 4th quarter. FACT Capital LP now owns 798,931 shares of the company’s stock valued at $9,467,000 after purchasing an additional 310,566 shares in the last quarter. Sei Investments Co. increased its position in shares of Arhaus by 192.7% during the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after purchasing an additional 252,192 shares during the period. CenterBook Partners LP bought a new stake in shares of Arhaus in the 4th quarter worth $2,132,000. Finally, Olympiad Research LP lifted its holdings in shares of Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after buying an additional 2,334 shares during the period. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. TD Cowen increased their target price on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Telsey Advisory Group restated an “outperform” rating and issued a $17.00 price target on shares of Arhaus in a research report on Thursday, May 9th. Stifel Nicolaus started coverage on Arhaus in a research report on Tuesday, July 9th. They set a “buy” rating and a $19.50 price objective for the company. Finally, Robert W. Baird raised their price objective on Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.77.

Insiders Place Their Bets

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction that occurred on 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 in the company, valued at $591,816.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following 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. Insiders sold a total of 157,960 shares of company stock worth $2,978,281 in the last quarter. 1.52% of the stock is currently owned by corporate insiders.

Arhaus Stock Down 1.7 %

Shares of ARHS stock traded down $0.27 on Tuesday, reaching $15.29. 724,088 shares of the company’s stock traded hands, compared to its average volume of 1,199,206. The business’s 50 day moving average price is $17.08 and its two-hundred day moving average price is $14.96. The company has a market capitalization of $2.15 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.53 and a beta of 2.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus, Inc. has a 12-month low of $7.56 and a 12-month high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $295.16 million for the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. On average, equities analysts forecast that Arhaus, Inc. will post 0.76 earnings per share for the current year.

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.