Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC cut its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,115,780 shares of the company’s stock after selling 12,147 shares during the period. Driehaus Capital Management LLC owned about 0.80% of Arhaus worth $18,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Arhaus in the 2nd quarter valued at about $30,000. Quest Partners LLC lifted its position in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new stake in Arhaus in the 2nd quarter valued at about $183,000. Ballentine Partners LLC bought a new stake in Arhaus in the 1st quarter valued at about $204,000. Finally, Aspiriant LLC bought a new stake in Arhaus in the 1st quarter valued at about $204,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARHS shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Arhaus in a research report on Monday, August 12th. Barclays dropped their price target on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus dropped their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Craig Hallum dropped their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group downgraded shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Arhaus Stock Performance

Shares of ARHS opened at $12.73 on Friday. The firm’s 50 day moving average is $12.86 and its 200-day moving average is $14.92. The stock has a market capitalization of $1.79 billion, a P/E ratio of 16.75, a P/E/G ratio of 15.20 and a beta of 2.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. Arhaus, Inc. has a 12-month low of $7.56 and a 12-month high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Equities research analysts anticipate that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Insider Transactions at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.52% of the stock is currently owned by insiders.

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.