Dark Forest Capital Management LP Sells 18,370 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Dark Forest Capital Management LP lessened its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 36.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,384 shares of the company’s stock after selling 18,370 shares during the quarter. Dark Forest Capital Management LP’s holdings in Arhaus were worth $549,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Arhaus in the 2nd quarter valued at about $30,000. Quest Partners LLC boosted its stake in shares of 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 position in shares of Arhaus in the 2nd quarter valued at about $183,000. Ballentine Partners LLC bought a new position in shares of Arhaus in the 1st quarter valued at about $204,000. Finally, Aspiriant LLC bought a new position in Arhaus during the 1st quarter worth approximately $204,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Up 1.6 %

Arhaus stock opened at $12.73 on Friday. The stock has a market capitalization of $1.79 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 15.20 and a beta of 2.52. Arhaus, Inc. has a twelve month low of $7.56 and a twelve month high of $19.81. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $12.86 and a 200-day moving average of $14.92.

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

Insider Buying and Selling

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. TD Cowen decreased their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $16.00 in a report on Monday, July 8th. Craig Hallum decreased their price objective on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.