Hussman Strategic Advisors Inc. Takes Position in Arhaus, Inc. (NASDAQ:ARHS)

Hussman Strategic Advisors Inc. bought a new position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 105,000 shares of the company's stock, valued at approximately $1,779,000. Hussman Strategic Advisors Inc. owned about 0.07% of Arhaus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD bought a new position in Arhaus during the first quarter valued at approximately $8,326,000. FACT Capital LP grew its stake in shares of Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company's stock valued at $9,467,000 after buying an additional 310,566 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Arhaus by 192.7% in the first quarter. Sei Investments Co. now owns 383,091 shares of the company's stock worth $5,896,000 after buying an additional 252,192 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Arhaus by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company's stock valued at $2,605,000 after acquiring an additional 112,583 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in Arhaus during the 4th quarter valued at about $2,132,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Price Performance

ARHS stock remained flat at $12.31 on Friday. The company had a trading volume of 647,383 shares, compared to its average volume of 1,746,006. The firm's 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $15.11. The company has a market cap of $1.73 billion, a P/E ratio of 16.20, a P/E/G ratio of 14.05 and a beta of 2.57. Arhaus, Inc. has a one year low of $7.56 and a one year high of $19.81. 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 (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. On average, sell-side analysts forecast that Arhaus, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at Arhaus

In other 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 transaction of $28,710.00. Following the sale, the insider now owns 68,785 shares of the company's stock, valued at approximately $1,316,544.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arhaus news, insider Lisa Chi sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now owns 68,785 shares of the company's stock, valued at $1,316,544.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the business's stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now owns 36,736 shares of the company's stock, valued at $591,816.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,960 shares of company stock worth $2,978,281. Insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARHS. Robert W. Baird dropped their price objective on Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Piper Sandler reaffirmed an "overweight" rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Stifel Nicolaus cut their target price on Arhaus from $19.50 to $16.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Finally, TD Cowen cut their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

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.