Carnegie Investment Counsel Sells 227,406 Shares of Arhaus, Inc. $ARHS

Carnegie Investment Counsel decreased its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 95.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the company’s stock after selling 227,406 shares during the quarter. Carnegie Investment Counsel’s holdings in Arhaus were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Arhaus by 185.1% during the second quarter. GAMMA Investing LLC now owns 3,150 shares of the company’s stock worth $27,000 after acquiring an additional 2,045 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Arhaus by 80.8% during the second quarter. KLP Kapitalforvaltning AS now owns 13,200 shares of the company’s stock worth $114,000 after acquiring an additional 5,900 shares during the last quarter. Arizona State Retirement System raised its position in shares of Arhaus by 24.9% during the first quarter. Arizona State Retirement System now owns 14,525 shares of the company’s stock worth $126,000 after acquiring an additional 2,899 shares during the last quarter. Stephens Inc. AR raised its position in shares of Arhaus by 30.8% during the second quarter. Stephens Inc. AR now owns 15,001 shares of the company’s stock worth $130,000 after acquiring an additional 3,536 shares during the last quarter. Finally, XML Financial LLC bought a new stake in shares of Arhaus during the second quarter worth $156,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Down 0.6%

NASDAQ:ARHS opened at $10.40 on Tuesday. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $13.02. The company has a current ratio of 1.33, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 5.90 and a beta of 2.54. The stock has a 50-day moving average price of $11.01 and a two-hundred day moving average price of $9.65.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Arhaus had a return on equity of 20.08% and a net margin of 5.33%.The firm had revenue of $358.44 million during the quarter, compared to analysts’ expectations of $333.39 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

ARHS has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Arhaus from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Morgan Stanley boosted their target price on Arhaus from $10.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Gordon Haskett initiated coverage on Arhaus in a research report on Thursday, September 18th. They set a “hold” rating and a $12.00 target price for the company. Cowen reaffirmed a “buy” rating on shares of Arhaus in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arhaus in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Arhaus currently has a consensus rating of “Hold” and an average price target of $11.00.

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.