Emerald Advisers LLC Sells 52,062 Shares of Arhaus, Inc. $ARHS

Emerald Advisers LLC lowered its position in Arhaus, Inc. (NASDAQ:ARHS) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,678,309 shares of the company’s stock after selling 52,062 shares during the quarter. Emerald Advisers LLC owned about 1.19% of Arhaus worth $17,840,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in shares of Arhaus in the third quarter worth about $28,000. SG Americas Securities LLC bought a new position in Arhaus in the 3rd quarter worth approximately $331,000. Carnegie Investment Counsel grew its stake in Arhaus by 576.9% in the 3rd quarter. Carnegie Investment Counsel now owns 67,690 shares of the company’s stock valued at $720,000 after buying an additional 57,690 shares in the last quarter. Voya Investment Management LLC raised its holdings in Arhaus by 10,207.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,512,367 shares of the company’s stock valued at $16,076,000 after acquiring an additional 1,497,694 shares during the period. Finally, FORA Capital LLC bought a new stake in Arhaus during the 2nd quarter valued at $181,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Stock Up 3.8%

ARHS stock opened at $10.57 on Thursday. The company’s 50 day moving average is $10.67 and its 200 day moving average is $10.54. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 5.26 and a beta of 2.51. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $13.02.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $344.57 million during the quarter, compared to analyst estimates of $338.26 million. Arhaus had a net margin of 5.40% and a return on equity of 19.62%. Arhaus’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Sell-side analysts predict that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ARHS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arhaus in a report on Monday, December 29th. Wall Street Zen downgraded Arhaus from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research cut Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Morgan Stanley increased their price target on shares of Arhaus from $10.50 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $12.00 price objective on shares of Arhaus in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.19.

Arhaus Profile

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.