Algert Global LLC Sells 49,879 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Algert Global LLC trimmed its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,382 shares of the company's stock after selling 49,879 shares during the quarter. Algert Global LLC's holdings in Arhaus were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Arhaus by 108.6% during the 4th quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after buying an additional 1,391,342 shares in the last quarter. Long Focus Capital Management LLC purchased a new position in shares of Arhaus during the 4th quarter worth approximately $10,575,000. Jane Street Group LLC raised its stake in shares of Arhaus by 808.3% during the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock worth $8,457,000 after buying an additional 1,026,710 shares in the last quarter. Signaturefd LLC raised its stake in shares of Arhaus by 944.2% during the 4th quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after buying an additional 1,017,316 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock worth $24,348,000 after buying an additional 627,952 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Performance

Shares of Arhaus stock traded up $0.09 during trading hours on Friday, reaching $8.47. The company's stock had a trading volume of 391,896 shares, compared to its average volume of 1,603,981. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a one year low of $6.61 and a one year high of $19.81. The company's 50 day simple moving average is $8.37 and its 200 day simple moving average is $9.76. The stock has a market cap of $1.19 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $311.37 million during the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. As a group, analysts expect that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Loop Capital lowered their target price on Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Telsey Advisory Group restated a "market perform" rating and set a $10.00 price objective on shares of Arhaus in a report on Thursday. Piper Sandler reduced their target price on Arhaus from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus reduced their target price on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a report on Monday. Finally, Morgan Stanley cut their price objective on Arhaus from $11.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $10.50.

Arhaus Company 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.