Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 147.1% during the first quarter, Holdings Channel reports. The fund owned 8,792,207 shares of the company’s stock after purchasing an additional 5,233,776 shares during the quarter. Wasatch Advisors LP owned 0.06% of Arhaus worth $135,312,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ARHS. Barclays PLC increased its holdings in Arhaus by 65.4% during the 3rd quarter. Barclays PLC now owns 7,092 shares of the company’s stock worth $66,000 after purchasing an additional 2,803 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after buying an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares in the last quarter. Sapient Capital LLC bought a new position in Arhaus during the 4th quarter valued at $118,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Arhaus during the 4th quarter worth $119,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ARHS shares. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. Robert W. Baird boosted their price objective on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Bank of America increased their target price on Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Piper Sandler reiterated an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Finally, TD Cowen upped their price target on 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 given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.56.

Insider Activity at Arhaus

In other Arhaus news, insider Lisa Chi sold 1,500 shares of the company’s 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 owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Arhaus 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 completion of the transaction, the insider now 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 is available at this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of the 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 approximately $9,476,558.35. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by insiders.

Arhaus Stock Performance

Shares of NASDAQ ARHS traded up $0.11 during mid-day trading on Tuesday, hitting $15.93. The company had a trading volume of 1,012,803 shares, compared to its average volume of 1,210,128. Arhaus, Inc. has a 12 month low of $7.56 and a 12 month high of $19.81. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.63 and a beta of 2.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The firm’s 50 day simple moving average is $16.60 and its two-hundred day simple moving average is $14.36.

Arhaus (NASDAQ:ARHS) last posted its earnings results 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. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The company had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million. As a group, equities research 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.