Sequoia Financial Advisors LLC Has $1.84 Million Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Sequoia Financial Advisors LLC trimmed its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,414 shares of the company’s stock after selling 120,000 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.08% of Arhaus worth $1,837,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ARHS. GoodHaven Capital Management LLC grew its holdings in shares of Arhaus by 0.5% in the 4th quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock worth $2,484,000 after purchasing an additional 1,000 shares during the last quarter. Olympiad Research LP lifted its holdings in Arhaus by 12.1% during the 4th quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after buying an additional 2,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Arhaus by 68.0% in the 4th 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 last quarter. Nordea Investment Management AB raised its position in shares of Arhaus by 1.5% during the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock worth $4,436,000 after acquiring an additional 4,169 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of Arhaus by 2.1% during the fourth quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock valued at $2,929,000 after acquiring an additional 5,074 shares during the period. 27.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday. Piper Sandler restated an “overweight” rating and issued a $20.00 price target (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Telsey Advisory Group restated an “outperform” rating and set a $15.00 target price on shares of Arhaus in a report on Monday. Barclays reduced their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Craig Hallum cut their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at Arhaus

In related news, insider Lisa Chi sold 1,500 shares of the business’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 sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Arhaus 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 value of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,960 shares of company stock worth $2,978,281. Insiders own 1.52% of the company’s stock.

Arhaus Trading Up 0.9 %

Shares of NASDAQ:ARHS traded up $0.10 during midday trading on Tuesday, reaching $11.82. The company’s stock had a trading volume of 859,449 shares, compared to its average volume of 1,266,044. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.13 and a beta of 2.57. The firm has a 50 day moving average price of $16.35 and a two-hundred day moving average price of $15.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. Arhaus’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. As a group, analysts forecast that Arhaus, Inc. will post 0.76 earnings per share 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.