Wasatch Advisors LP Sells 10,693,640 Shares of Arhaus, Inc. $ARHS

Wasatch Advisors LP reduced its position in Arhaus, Inc. (NASDAQ:ARHS) by 96.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 432,913 shares of the company’s stock after selling 10,693,640 shares during the quarter. Wasatch Advisors LP owned 0.31% of Arhaus worth $2,935,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Arhaus by 89.8% during the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after buying an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Arhaus in the third quarter worth approximately $30,000. Global Retirement Partners LLC bought a new stake in shares of Arhaus during the 4th quarter worth approximately $39,000. New York State Teachers Retirement System bought a new stake in shares of Arhaus during the 4th quarter worth approximately $52,000. Finally, Quarry LP boosted its holdings in Arhaus by 203.0% during the 3rd quarter. Quarry LP now owns 4,996 shares of the company’s stock valued at $53,000 after acquiring an additional 3,347 shares during the period. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of Arhaus stock opened at $8.41 on Friday. The firm has a market cap of $1.19 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.88 and a beta of 2.33. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14. Arhaus, Inc. has a 12 month low of $5.57 and a 12 month high of $12.98. The stock’s fifty day moving average price is $6.92 and its 200-day moving average price is $8.45.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The company had revenue of $314.28 million during the quarter, compared to analyst estimates of $313.97 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts expect that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARHS. Telsey Advisory Group set a $8.00 price objective on Arhaus and gave the company a “market perform” rating in a research report on Friday, May 8th. Jefferies Financial Group lowered their target price on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arhaus in a research note on Wednesday, June 17th. Finally, TD Cowen decreased their price objective on shares of Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.58.

Arhaus Company Profile

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.