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

Algert Global LLC cut its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 48.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARHS. Vanguard Group Inc. grew its stake in shares of Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after acquiring an additional 50,250 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Arhaus by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,219,876 shares of the company's stock valued at $11,470,000 after acquiring an additional 11,895 shares in the last quarter. Procyon Advisors LLC purchased a new position in Arhaus in the 4th quarter worth approximately $293,000. Stifel Financial Corp boosted its stake in Arhaus by 61.0% during the 4th quarter. Stifel Financial Corp now owns 75,927 shares of the company's stock valued at $714,000 after purchasing an additional 28,761 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Arhaus by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,362 shares of the company's stock worth $7,937,000 after purchasing an additional 20,457 shares in the last quarter. Institutional investors own 27.88% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ARHS shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 price target on shares of Arhaus in a report on Friday, May 9th. Guggenheim lowered their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Loop Capital cut their price target on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Baird R W cut shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Stifel Nicolaus reduced their target price on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a report on Monday. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.50.

Arhaus Price Performance

ARHS stock traded down $0.27 during mid-day trading on Wednesday, hitting $8.45. The company had a trading volume of 3,159,836 shares, compared to its average volume of 1,606,700. The company has a 50-day moving average price of $8.40 and a 200 day moving average price of $9.77. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 11.57 and a beta of 2.65. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million for the quarter, compared to analysts' expectations 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 company earned $0.11 earnings per share. On average, research analysts anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current year.

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.