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

Wasatch Advisors LP cut its stake in Arhaus, Inc. (NASDAQ:ARHS) by 96.1% during the first quarter, HoldingsChannel reports. The fund owned 432,913 shares of the company’s stock after selling 10,693,640 shares during the quarter. Wasatch Advisors LP’s holdings in Arhaus were worth $2,935,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new position in shares of Arhaus in the 4th quarter worth $10,962,000. Nuveen LLC boosted its position in Arhaus by 616.6% during the fourth quarter. Nuveen LLC now owns 751,950 shares of the company’s stock valued at $8,429,000 after purchasing an additional 647,020 shares in the last quarter. Simcoe Capital LLC bought a new stake in Arhaus during the fourth quarter valued at about $4,592,000. EFG International AG purchased a new position in Arhaus in the fourth quarter valued at about $4,334,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Arhaus in the third quarter valued at about $3,731,000. 27.88% of the stock is owned by institutional investors.

Arhaus Trading Up 3.9%

Arhaus stock opened at $8.41 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.46 and a current ratio of 1.25. The stock has a market cap of $1.19 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.88 and a beta of 2.33. The stock has a 50-day moving average of $6.92 and a two-hundred day moving average of $8.45. Arhaus, Inc. has a one year low of $5.57 and a one year high of $12.98.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results 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 return on equity of 16.39% and a net margin of 4.67%.The business had revenue of $314.28 million for the quarter, compared to analyst estimates of $313.97 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, research analysts anticipate that Arhaus, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARHS has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Arhaus in a research report on Wednesday, June 17th. Guggenheim cut their price objective on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group decreased their target price on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Finally, Robert W. Baird set a $8.00 target price on shares of Arhaus in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.58.

About Arhaus

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.