Signaturefd LLC Has $300,000 Stake in Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC lowered its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 97.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,733 shares of the company's stock after selling 639,576 shares during the quarter. Signaturefd LLC's holdings in Arhaus were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ARHS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 buying an additional 3,635 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Arhaus in the 4th quarter worth approximately $1,029,000. Sapient Capital LLC purchased a new stake in Arhaus during the 4th quarter valued at $118,000. National Bank of Canada FI increased its position in Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock valued at $74,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Arhaus in the 4th quarter worth $119,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ARHS. TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Craig Hallum lowered their price target on Arhaus from $21.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. 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 report on Friday, August 9th. Barclays decreased their price target 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 cut shares of Arhaus from a "buy" rating to a "hold" rating and lowered their price target for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Arhaus Price Performance

Shares of NASDAQ:ARHS remained flat at $12.31 during midday trading on Monday. The company had a trading volume of 647,300 shares, compared to its average volume of 1,262,600. The stock has a fifty day moving average price of $14.47 and a 200 day moving average price of $15.11. Arhaus, Inc. has a 1 year low of $7.56 and a 1 year high of $19.81. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.73 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 14.05 and a beta of 2.57.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted 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 return on equity of 28.45% and a net margin of 6.92%. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company's quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction that occurred 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 legal filing with the SEC, which is available through this hyperlink. In other news, CFO Dawn Phillipson sold 150,000 shares of the company's stock in a transaction 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 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 legal filing with the SEC, which is available at this link. Also, insider Lisa Chi sold 1,500 shares of the business's stock in a transaction that occurred on 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 directly owns 68,785 shares in the company, 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 valued at $2,978,281. 1.52% of the stock is currently owned by company insiders.

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.