Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,477 shares of the company’s stock after selling 1,913 shares during the quarter. Victory Capital Management Inc.’s holdings in Arhaus were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in shares of Arhaus during the 4th quarter valued at about $309,000. Olympiad Research LP increased its position in Arhaus by 12.1% during the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after purchasing an additional 2,334 shares during the last quarter. Evoke Wealth LLC purchased a new position in Arhaus during the fourth quarter worth approximately $479,000. GoodHaven Capital Management LLC boosted its holdings in shares of Arhaus by 0.5% in the 4th quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in shares of Arhaus during the 4th quarter valued at $347,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

Arhaus stock opened at $13.31 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The firm’s fifty day moving average price is $13.16 and its 200 day moving average price is $14.99. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.51, 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.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping 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 business had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. On average, research analysts forecast that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Insider Activity

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a report on Monday, August 12th. Robert W. Baird decreased their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Jefferies Financial Group downgraded shares of Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. Stifel Nicolaus reduced their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Barclays dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.