Atlas Capital Advisors LLC Raises Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Atlas Capital Advisors LLC lifted its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 8,040.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 225,255 shares of the company's stock after purchasing an additional 222,488 shares during the quarter. Atlas Capital Advisors LLC owned about 0.16% of Arhaus worth $3,816,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in shares of 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 buying an additional 5,233,776 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in Arhaus in the 4th quarter worth $6,487,000. Price T Rowe Associates Inc. MD acquired a new stake in Arhaus during the 1st quarter worth about $8,326,000. Silvercrest Asset Management Group LLC purchased a new stake in Arhaus during the 1st quarter valued at about $8,301,000. Finally, Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 463,749 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Lisa Chi sold 1,500 shares of the firm's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares of the company's stock, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the company's stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Chi sold 1,500 shares of the stock in a transaction dated 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 owns 68,785 shares of the company's stock, valued at $1,316,544.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 157,960 shares of company stock worth $2,978,281. Company insiders own 1.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ARHS. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $20.00 price objective (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Telsey Advisory Group reissued an "outperform" rating and set a $15.00 target price on shares of Arhaus in a report on Monday, August 12th. Jefferies Financial Group lowered shares of Arhaus from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $16.00 in a report on Monday, July 8th. Finally, Craig Hallum cut their price target on Arhaus from $21.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Two investment analysts have 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 an average rating of "Moderate Buy" and a consensus target price of $15.00.

Arhaus Price Performance

Shares of ARHS stock remained flat at $12.31 during mid-day trading on Friday. 647,383 shares of the stock traded hands, compared to its average volume of 1,262,600. Arhaus, Inc. has a twelve month low of $7.56 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The company has a market capitalization of $1.73 billion, a P/E ratio of 16.20, a PEG ratio of 2.13 and a beta of 2.57. The stock's 50-day moving average price is $14.47 and its two-hundred day moving average price is $15.08.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. Arhaus's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Equities analysts predict that Arhaus, Inc. will post 0.76 EPS for the current year.

Arhaus Company 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.

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