Red Door Wealth Management LLC Sells 15,000 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Red Door Wealth Management LLC lowered its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 345,000 shares of the company’s stock after selling 15,000 shares during the quarter. Red Door Wealth Management LLC’s holdings in Arhaus were worth $5,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GoodHaven Capital Management LLC raised its position in shares of Arhaus by 0.5% in the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after purchasing an additional 1,000 shares during the period. Olympiad Research LP grew its stake in Arhaus by 12.1% during the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after acquiring an additional 2,334 shares in the last quarter. Barclays PLC grew its stake in Arhaus by 65.4% during the third quarter. Barclays PLC now owns 7,092 shares of the company’s stock valued at $66,000 after acquiring an additional 2,803 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Arhaus by 68.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in Arhaus by 2.1% during the fourth quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock valued at $2,929,000 after acquiring an additional 5,074 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Trading Down 0.4 %

Shares of Arhaus stock traded down $0.06 during trading on Friday, reaching $16.94. The company’s stock had a trading volume of 8,285,907 shares, compared to its average volume of 1,223,710. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.63 and a beta of 2.65. The firm’s 50-day moving average is $16.54 and its two-hundred day moving average is $14.26. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

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

Insider Activity at Arhaus

In related news, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 499,555 shares in the company, valued at approximately $9,476,558.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on ARHS shares. Bank of America boosted their price objective on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Arhaus in a research note on Thursday, May 9th. Robert W. Baird boosted their price objective on shares of Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. TD Cowen boosted their price target on shares of Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.56.

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.