Quest Partners LLC Raises Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Quest Partners LLC raised its stake in Arhaus, Inc. (NASDAQ:ARHS) by 716,800.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,169 shares of the company’s stock after purchasing an additional 7,168 shares during the period. Quest Partners LLC’s holdings in Arhaus were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new position in Arhaus in the first quarter worth $8,326,000. FACT Capital LP increased its position in Arhaus by 63.6% during the 4th quarter. FACT Capital LP now owns 798,931 shares of the company’s stock valued at $9,467,000 after buying an additional 310,566 shares in the last quarter. Sei Investments Co. raised its stake in Arhaus by 192.7% in the first quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after buying an additional 252,192 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Arhaus by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock worth $2,605,000 after acquiring an additional 112,583 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of Arhaus during the fourth quarter worth about $2,132,000. 27.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Barclays dropped their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Craig Hallum cut their price objective on Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 target price on shares of Arhaus in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Arhaus Stock Performance

ARHS opened at $12.35 on Tuesday. The firm’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $14.99. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 12.49 and a beta of 2.52. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

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

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.