Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Signaturefd LLC
Signaturefd LLC reduced its stake in Arhaus, Inc. (NASDAQ:ARHS) by 97.3%, according to a recent 13F filing. After the sale of 639,576 shares, Signaturefd holds 17,733 shares valued at approximately $56,000. Other hedge funds have also adjusted their positions, with Wasatch Advisors LP increasing its stake by 147.1%. Arhaus has a market cap of $1.73 billion and reported Q2 revenue of $107.80 million. CFO Dawn Phillipson sold 150,000 shares, while insider Lisa Chi sold 1,500 shares. Analysts have mixed ratings on the stock, reflecting varying growth outlooks.
Signaturefd LLC lessened its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 97.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.
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Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in Arhaus by 147.1% in the first 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. Nicholas Investment Partners LP acquired a new stake in shares of Arhaus in the fourth quarter worth $6,487,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Arhaus in the 1st quarter valued at $8,326,000. Silvercrest Asset Management Group LLC purchased a new stake in Arhaus during the 1st quarter worth $8,301,000. Finally, Vanguard Group Inc. boosted its position in Arhaus by 11.8% during the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company's stock worth $67,518,000 after purchasing an additional 463,749 shares during the period. Institutional investors and hedge funds own 27.88% of the company's stock.
Arhaus Price Performance
NASDAQ:ARHS opened at $12.31 on Monday. 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 company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth 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 stock has a 50-day simple moving average of $14.47 and a 200 day simple moving average of $15.11.
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Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping 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 analyst estimates of $314.28 million. During the same quarter last year, the firm earned $0.29 EPS. The business's revenue was down 1.0% on a year-over-year basis. Sell-side analysts predict that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Lisa Chi sold 1,500 shares of Arhaus 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 completion of the transaction, the insider now directly owns 68,785 shares of the company's stock, valued at approximately $1,316,544.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Lisa Chi sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 499,555 shares in the company, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,960 shares of company stock valued at $2,978,281. Company insiders own 1.52% of the company's stock.
Wall Street Analysts Forecast Growth
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A number of brokerages have commented on ARHS. Jefferies Financial Group cut Arhaus from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. Barclays decreased their price target on Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Craig Hallum dropped their price objective on shares of Arhaus from $21.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Piper Sandler restated an "overweight" rating and issued a $20.00 target price (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Finally, TD Cowen dropped their price target on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Check Out Our Latest Stock Analysis on Arhaus
Arhaus Company Profile
(Free Report)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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