Lombard Odier Asset Management USA Corp Sells 19,845 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Lombard Odier Asset Management USA Corp decreased its position in Arhaus, Inc. (NASDAQ:ARHS) by 58.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,141 shares of the company’s stock after selling 19,845 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Arhaus were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank bought a new stake in Arhaus in the second quarter valued at approximately $30,000. Quest Partners LLC lifted its position in Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new stake in Arhaus in the second quarter valued at approximately $183,000. Ballentine Partners LLC bought a new stake in Arhaus in the first quarter valued at approximately $204,000. Finally, Aspiriant LLC bought a new stake in Arhaus in the first quarter valued at approximately $204,000. Institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Craig Hallum lowered their price objective on Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 target price on shares of Arhaus in a research note on Monday, August 12th. TD Cowen reduced their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Stifel Nicolaus reduced their target price on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Arhaus Trading Up 1.3 %

Arhaus stock opened at $13.31 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 business’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $14.99. Arhaus, Inc. has a 12 month low of $7.56 and a 12 month high of $19.81. 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 (NASDAQ:ARHS) last released its 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 the consensus estimate of $314.28 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts predict that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s 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 directly owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.52% of the company’s stock.

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.