Calamos Advisors LLC Has $1.60 Million Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Calamos Advisors LLC lessened its position in Arhaus, Inc. (NASDAQ:ARHS) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,431 shares of the company’s stock after selling 831 shares during the period. Calamos Advisors LLC owned about 0.07% of Arhaus worth $1,600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ARHS. GoodHaven Capital Management LLC lifted its position in Arhaus by 0.5% during the 4th quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock worth $2,484,000 after buying an additional 1,000 shares in the last quarter. Olympiad Research LP lifted its position in Arhaus by 12.1% during the 4th quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after buying an additional 2,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after buying an additional 3,635 shares in the last quarter. Nordea Investment Management AB lifted its position in Arhaus by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock worth $4,436,000 after buying an additional 4,169 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its position in Arhaus by 2.1% during the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock worth $2,929,000 after buying an additional 5,074 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Insider Activity

In related news, CFO Dawn Phillipson sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at approximately $9,476,558.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the transaction, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 $591,816.96. The disclosure for this sale can be found here. Insiders sold a total of 157,960 shares of company stock valued at $2,978,281 in the last ninety days. 1.52% of the stock is owned by insiders.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.71 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The stock has a market cap of $1.78 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57. The stock has a 50-day moving average of $15.05 and a 200-day moving average of $15.11. Arhaus, Inc. has a one year low of $7.56 and a one year high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. Arhaus’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. As a group, sell-side analysts expect that Arhaus, Inc. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Craig Hallum reduced their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Arhaus in a report on Monday, August 12th. Jefferies Financial Group cut Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Finally, Piper Sandler reissued an “overweight” rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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.