Acuitas Investments LLC Has $4.83 Million Stake in Arhaus, Inc. (NASDAQ:ARHS)

Acuitas Investments LLC decreased its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 21.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 285,139 shares of the company's stock after selling 78,031 shares during the quarter. Arhaus accounts for about 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ARHS. Wasatch Advisors LP increased its stake in Arhaus by 147.1% in the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company's stock valued at $135,312,000 after buying an additional 5,233,776 shares during the period. Vanguard Group Inc. grew its stake in 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 in the last quarter. Hood River Capital Management LLC increased its position in Arhaus by 0.6% in the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company's stock worth $23,813,000 after purchasing an additional 8,824 shares during the last quarter. Summit Creek Advisors LLC raised its stake in shares of Arhaus by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company's stock worth $19,420,000 after purchasing an additional 8,461 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Arhaus by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company's stock valued at $20,919,000 after buying an additional 48,406 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Analysts Set New Price Targets

ARHS has been the topic of several recent research reports. Craig Hallum cut their price objective on shares of Arhaus from $21.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Barclays decreased their price target on Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their price target on Arhaus from $19.50 to $16.00 and set a "buy" rating on the stock in a report on Monday, August 12th. TD Cowen reduced their price objective on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Jefferies Financial Group downgraded shares of Arhaus from a "buy" rating to a "hold" rating and dropped their target price 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $15.00.

Insider Buying and Selling

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company's stock, valued at $591,816.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Dawn Phillipson sold 150,000 shares of the firm's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the transaction, the chief financial officer now directly owns 499,555 shares of the company's stock, valued at $9,476,558.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the firm's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company's stock, valued at $591,816.96. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Arhaus Stock Performance

Shares of ARHS traded down $0.12 during mid-day trading on Friday, hitting $11.01. The company's stock had a trading volume of 511,546 shares, compared to its average volume of 1,251,322. 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. The firm 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 2.57. The stock's 50-day moving average is $13.91 and its two-hundred day moving average is $15.03.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share 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 company had revenue of $309.80 million during the quarter, compared to analysts' expectations of $314.28 million. During the same period in the prior year, the business earned $0.29 earnings per share. Arhaus's revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.48 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.