14,400 Shares in Arhaus, Inc. (NASDAQ:ARHS) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Arhaus, Inc. (NASDAQ:ARHS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,400 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in shares of Arhaus in the 2nd quarter worth approximately $30,000. Quest Partners LLC raised its position in Arhaus by 716,800.0% in the second 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 period. Ground Swell Capital LLC acquired a new position in Arhaus during the second quarter worth $183,000. Ballentine Partners LLC purchased a new position in shares of Arhaus during the first quarter worth $204,000. Finally, Aspiriant LLC acquired a new stake in shares of Arhaus in the first quarter valued at $204,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Robert W. Baird lowered their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Barclays cut their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus decreased their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Craig Hallum dropped 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, August 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.00.

Insider Buying and Selling

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the 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 in the company, valued at $591,816.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by company insiders.

Arhaus Price Performance

Arhaus stock opened at $10.82 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $12.38 and a 200-day simple moving average of $14.78. The stock has a market cap of $1.52 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 15.20 and a beta of 2.51. 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 results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. During the same period in the previous year, the business earned $0.29 EPS. Arhaus’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts expect that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

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.