Janus Henderson Group PLC Lowers Position in Arhaus, Inc. $ARHS

Key Points

• Janus Henderson Group cut its Arhaus stake by 92% in the first quarter, selling 216,824 shares and retaining 18,800 shares worth approximately $127,000.
• Other institutional investors increased their positions, including Arrowstreet, UBS, and Dimensional Fund Advisors; hedge funds and institutions collectively own 27.88% of Arhaus.
• Arhaus exceeded quarterly expectations, reporting $0.28 EPS and $384.9 million in revenue, up 7.5% year over year. Despite mostly Buy and Hold ratings, the stock has a consensus “Hold” rating with an average price target of $10.12.

Janus Henderson Group PLC cut its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 92.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,800 shares of the company's stock after selling 216,824 shares during the period. Janus Henderson Group PLC's holdings in Arhaus were worth $127,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ARHS. Simcoe Capital LLC purchased a new stake in shares of Arhaus in the fourth quarter valued at about $4,592,000. Arrowstreet Capital Limited Partnership boosted its holdings in Arhaus by 95.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company's stock worth $3,112,000 after purchasing an additional 223,692 shares during the last quarter. AGP Franklin LLC purchased a new position in Arhaus during the fourth quarter worth about $1,705,000. UBS Group AG grew its position in Arhaus by 43.3% in the 4th quarter. UBS Group AG now owns 1,098,150 shares of the company's stock worth $12,310,000 after purchasing an additional 331,961 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Arhaus by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company's stock worth $7,994,000 after purchasing an additional 185,208 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Stock Performance

NASDAQ ARHS opened at $9.84 on Wednesday. The company has a market capitalization of $1.39 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.03 and a beta of 2.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33. Arhaus, Inc. has a 52-week low of $5.57 and a 52-week high of $12.93. The company has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $7.75.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.12. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The firm had revenue of $384.90 million for the quarter, compared to analysts' expectations of $365.66 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company's quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that Arhaus, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ARHS. Stifel Nicolaus dropped their target price on shares of Arhaus from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, May 11th. Piper Sandler upped their target price on Arhaus from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Arhaus in a research report on Wednesday, June 17th. TD Cowen dropped their price target on Arhaus from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, May 11th. Finally, Guggenheim dropped their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.12.

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.

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