Quest Partners LLC Acquires 7,168 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Quest Partners LLC boosted its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 716,800.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,169 shares of the company’s stock after acquiring an additional 7,168 shares during the quarter. Quest Partners LLC’s holdings in Arhaus were worth $121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspiriant LLC bought a new position in Arhaus in the first quarter valued at $204,000. Ballentine Partners LLC bought a new position in shares of Arhaus during the 1st quarter valued at about $204,000. Virtu Financial LLC purchased a new position in shares of Arhaus during the 1st quarter valued at about $212,000. Privium Fund Management B.V. bought a new stake in Arhaus in the 2nd quarter worth approximately $257,000. Finally, Entropy Technologies LP bought a new stake in Arhaus in the 1st quarter worth approximately $250,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ARHS. Barclays cut their price target on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Robert W. Baird reduced their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Arhaus in a research report on Monday, August 12th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Finally, Craig Hallum lowered their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.52% of the company’s stock.

Arhaus Trading Down 0.8 %

Shares of ARHS stock opened at $12.35 on Tuesday. 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 stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 12.49 and a beta of 2.52. Arhaus, Inc. has a 12-month low of $7.56 and a 12-month high of $19.81. The stock’s 50-day moving average price is $13.40 and its 200-day moving average price is $14.99.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The business had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. During the same quarter last year, the business earned $0.29 earnings per share. Arhaus’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Arhaus Profile

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.