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

Emerald Advisers LLC reduced its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,339,490 shares of the company's stock after selling 52,193 shares during the quarter. Emerald Advisers LLC owned about 0.95% of Arhaus worth $22,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new position in Arhaus during the 1st quarter worth $8,326,000. FACT Capital LP increased its holdings in Arhaus by 63.6% during the 4th quarter. FACT Capital LP now owns 798,931 shares of the company's stock worth $9,467,000 after purchasing an additional 310,566 shares during the period. Sei Investments Co. increased its holdings in Arhaus by 192.7% during the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company's stock worth $5,896,000 after purchasing an additional 252,192 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Arhaus by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company's stock worth $2,605,000 after purchasing an additional 112,583 shares during the period. Finally, CenterBook Partners LP purchased a new position in Arhaus during the 4th quarter worth $2,132,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ARHS shares. Stifel Nicolaus reduced their price objective on Arhaus from $19.50 to $16.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Craig Hallum dropped their target price on Arhaus from $21.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 target price on shares of Arhaus in a research report on Monday, August 12th. TD Cowen dropped their target price on Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group cut Arhaus from a "buy" rating to a "hold" rating and dropped their target price for the company from $22.00 to $16.00 in a research report on Monday, July 8th. Two research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Insiders Place Their Bets

In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of Arhaus 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 completion of the sale, the chief financial officer now 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 hyperlink. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of Arhaus 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 completion of the transaction, the chief financial officer now owns 499,555 shares in the company, valued at approximately $9,476,558.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus 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 transaction, the insider now owns 36,736 shares of the company's stock, valued at approximately $591,816.96. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Arhaus Stock Down 1.1 %

Shares of Arhaus stock traded down $0.12 during trading on Friday, reaching $11.01. The company's stock had a trading volume of 511,546 shares, compared to its average volume of 1,251,322. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 14.05 and a beta of 2.52. Arhaus, Inc. has a 1-year low of $7.56 and a 1-year high of $19.81. The company has a 50-day simple moving average of $13.91 and a two-hundred day simple moving average of $15.06.

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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $314.28 million. During the same quarter last year, the firm earned $0.29 EPS. The business's quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities analysts forecast that Arhaus, Inc. will post 0.48 earnings per share for the current year.

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.