Wasatch Advisors LP Boosts Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Wasatch Advisors LP increased its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 147.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,792,207 shares of the company’s stock after purchasing an additional 5,233,776 shares during the period. Wasatch Advisors LP owned approximately 6.27% of Arhaus worth $135,312,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ARHS. Scopus Asset Management L.P. purchased a new stake in Arhaus during the 3rd quarter valued at $17,671,000. Vanguard Group Inc. raised its stake in shares of Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock valued at $28,450,000 after acquiring an additional 1,159,856 shares during the period. Nicholas Investment Partners LP purchased a new position in shares of Arhaus during the 4th quarter worth about $6,487,000. Acuitas Investments LLC bought a new position in Arhaus during the 4th quarter valued at about $3,777,000. Finally, FACT Capital LP raised its position in Arhaus by 63.6% in 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. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Insider Activity

In related news, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s 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 owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their target price on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $17.00 target price on shares of Arhaus in a research note on Thursday, May 9th. Bank of America boosted their target price on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Finally, TD Cowen boosted their price objective on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $16.56.

Arhaus Stock Up 0.7 %

Arhaus stock traded up $0.11 during midday trading on Tuesday, hitting $15.93. 1,012,803 shares of the company’s stock were exchanged, compared to its average volume of 1,210,128. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The company has a market cap of $2.23 billion, a PE ratio of 20.96, a P/E/G ratio of 2.63 and a beta of 2.58. The firm has a 50-day moving average of $16.60 and a two-hundred day moving average of $14.36. Arhaus, Inc. has a 12 month low of $7.56 and a 12 month high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The firm had revenue of $295.16 million for the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. As a group, analysts expect that Arhaus, Inc. will post 0.76 earnings per share for the current fiscal year.

Arhaus 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.