Interval Partners LP Acquires 66,583 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Interval Partners LP lifted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 9.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 772,288 shares of the company’s stock after acquiring an additional 66,583 shares during the period. Interval Partners LP’s holdings in Arhaus were worth $13,083,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ARHS. Trexquant Investment LP acquired a new stake in Arhaus in the 4th quarter valued at $309,000. Hilltop Holdings Inc. grew its holdings in shares of Arhaus by 2.1% in the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock worth $2,929,000 after purchasing an additional 5,074 shares during the last quarter. Olympiad Research LP increased its position in shares of 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 purchasing an additional 2,334 shares in the last quarter. Evoke Wealth LLC bought a new position in Arhaus during the 4th quarter valued at about $479,000. Finally, GoodHaven Capital Management LLC grew its stake in Arhaus by 0.5% during the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock worth $2,484,000 after buying an additional 1,000 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Down 1.4 %

NASDAQ:ARHS opened at $13.14 on Monday. The company has a market cap of $1.84 billion, a PE ratio of 17.29, a PEG ratio of 12.49 and a beta of 2.52. The stock has a 50-day simple moving average of $13.22 and a 200 day simple moving average of $15.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. On average, sell-side analysts expect that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Insider Transactions at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ARHS shares. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price objective on shares of Arhaus in a research note on Monday, August 12th. Craig Hallum dropped their target price on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. TD Cowen cut their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Barclays cut their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

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.