Sequoia Financial Advisors LLC Has $1.40 Million Stake in Arhaus, Inc. (NASDAQ:ARHS)

Sequoia Financial Advisors LLC increased its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,991 shares of the company’s stock after purchasing an additional 5,577 shares during the period. Sequoia Financial Advisors LLC’s holdings in Arhaus were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ARHS. Amalgamated Bank acquired a new position in Arhaus in the 2nd quarter valued at $30,000. Quest Partners LLC grew its position 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 buying an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at about $183,000. Ballentine Partners LLC acquired a new position in shares of Arhaus in the 1st quarter valued at about $204,000. Finally, Aspiriant LLC acquired a new position in shares of Arhaus in the 1st quarter valued at about $204,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Price Performance

NASDAQ:ARHS opened at $8.73 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 12.08 and a beta of 2.51. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81. The stock has a fifty day moving average of $11.36 and a 200 day moving average of $14.25. 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 (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 the consensus estimate 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 analyst estimates of $314.28 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts expect that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird cut their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. TD Cowen dropped their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wedbush initiated coverage on Arhaus in a research report on Friday, October 11th. They set a “neutral” rating and a $11.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Finally, Barclays decreased their target price on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $13.73.

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.