SG Americas Securities LLC Has $201,000 Holdings in Arhaus, Inc. (NASDAQ:ARHS)

SG Americas Securities LLC cut its stake in Arhaus, Inc. (NASDAQ:ARHS) by 54.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,359 shares of the company’s stock after selling 19,654 shares during the period. SG Americas Securities LLC’s holdings in Arhaus were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Arhaus in the 2nd quarter worth approximately $30,000. Nordea Investment Management AB increased its holdings in Arhaus by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock valued at $4,436,000 after purchasing an additional 4,169 shares in the last quarter. California State Teachers Retirement System increased its holdings in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock valued at $552,000 after purchasing an additional 5,178 shares in the last quarter. Quest Partners LLC increased its holdings in Arhaus by 716,800.0% during the 2nd 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 in the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in Arhaus by 79.7% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 18,058 shares of the company’s stock valued at $278,000 after purchasing an additional 8,007 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Down 1.7 %

NASDAQ:ARHS opened at $8.89 on Wednesday. Arhaus, Inc. has a 12-month low of $7.56 and a 12-month high of $19.81. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.25 billion, a P/E ratio of 11.70, a P/E/G ratio of 12.08 and a beta of 2.51. The stock’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $14.33.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ARHS. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Robert W. Baird decreased their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Bank of America decreased their price objective on Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Barclays decreased their price objective on Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.73.

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.