Arhaus, Inc. (NASDAQ:ARHS) is Acuitas Investments LLC’s 4th Largest Position

Acuitas Investments LLC lowered its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 21.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 285,139 shares of the company’s stock after selling 78,031 shares during the quarter. Arhaus accounts for 2.6% of Acuitas Investments LLC’s investment portfolio, making the stock its 4th largest holding. Acuitas Investments LLC owned 0.20% of Arhaus worth $4,830,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI raised its position in Arhaus by 647.1% during the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after buying an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after purchasing an additional 3,635 shares during the period. Sapient Capital LLC acquired a new position in shares of Arhaus during the 4th quarter worth $118,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Arhaus during the 4th quarter worth $119,000. Finally, Aspiriant LLC acquired a new position in shares of Arhaus during the 1st quarter worth $204,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Arhaus Trading Down 1.1 %

NASDAQ ARHS opened at $11.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. Arhaus, Inc. has a one year low of $7.56 and a one year high of $19.81. The company’s 50 day moving average price is $14.03 and its 200 day moving average price is $15.05. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 14.05 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. During the same quarter last year, the company earned $0.29 earnings per share. Arhaus’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts predict that Arhaus, Inc. will post 0.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays lowered their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price objective on shares of Arhaus in a research note on Monday, August 12th. Stifel Nicolaus cut their price objective on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Piper Sandler reiterated an “overweight” rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Finally, Jefferies Financial Group lowered shares of Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.