Emerald Advisers LLC Cuts Stake in Arhaus, Inc. (NASDAQ:ARHS)

Emerald Advisers LLC lessened its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,339,490 shares of the company’s stock after selling 52,193 shares during the period. Emerald Advisers LLC owned about 0.95% of Arhaus worth $22,691,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ARHS. GoodHaven Capital Management LLC grew its position in shares of Arhaus by 0.5% during the 4th quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after acquiring an additional 1,000 shares during the period. Olympiad Research LP increased its position in Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after buying an additional 2,334 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Arhaus by 1.5% in the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock valued at $4,436,000 after buying an additional 4,169 shares during the period. Hilltop Holdings Inc. raised its stake in shares of Arhaus by 2.1% in the fourth quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock valued at $2,929,000 after buying an additional 5,074 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after acquiring an additional 5,178 shares during the period. Institutional investors own 27.88% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction 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 directly owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were 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 directly owns 499,555 shares in the company, valued at $9,476,558.35. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Arhaus Trading Down 1.1 %

Shares of ARHS stock opened at $11.01 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 52-week low of $7.56 and a 52-week high of $19.81. The company has a market capitalization of $1.54 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 14.05 and a beta of 2.52. The business’s fifty day moving average is $13.91 and its 200 day moving average is $15.05.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARHS. Robert W. Baird lowered their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Telsey Advisory Group restated an “outperform” rating and set a $15.00 price target on shares of Arhaus in a research note on Monday, August 12th. Barclays reduced their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

About Arhaus

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.