Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by FS Capital Partners VI LLC

FS Capital Partners VI LLC reduced its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 26.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,277,543 shares of the company's stock after selling 4,446,659 shares during the quarter. Arhaus makes up approximately 100.0% of FS Capital Partners VI LLC's holdings, making the stock its biggest position. FS Capital Partners VI LLC owned approximately 8.75% of Arhaus worth $145,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARHS. State of Wyoming raised its holdings in shares of Arhaus by 6.5% during the fourth quarter. State of Wyoming now owns 13,543 shares of the company's stock valued at $132,000 after purchasing an additional 824 shares during the period. Man Group plc increased its position in shares of Arhaus by 3.1% in the fourth quarter. Man Group plc now owns 65,735 shares of the company's stock valued at $641,000 after acquiring an additional 1,991 shares during the period. State Street Corp boosted its stake in Arhaus by 2.7% during the second quarter. State Street Corp now owns 78,762 shares of the company's stock worth $821,000 after acquiring an additional 2,049 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Arhaus by 14.4% in the third quarter. Envestnet Asset Management Inc. now owns 16,392 shares of the company's stock worth $152,000 after buying an additional 2,066 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Arhaus by 3.8% in the second quarter. Stifel Financial Corp now owns 59,498 shares of the company's stock worth $621,000 after buying an additional 2,189 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on ARHS shares. Bank of America upped their target price on shares of Arhaus from $14.50 to $17.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Telsey Advisory Group increased their price objective on shares of Arhaus from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Arhaus presently has a consensus rating of "Moderate Buy" and an average price target of $15.25.

Arhaus Trading Down 1.4 %

Shares of ARHS stock traded down $0.20 on Friday, hitting $13.83. 783,684 shares of the stock traded hands, compared to its average volume of 1,336,967. The firm's 50-day moving average price is $14.37 and its two-hundred day moving average price is $11.64. Arhaus, Inc. has a twelve month low of $6.75 and a twelve month high of $16.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. The stock has a market capitalization of $1.94 billion, a PE ratio of 15.54, a PEG ratio of 2.39 and a beta of 2.42.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, analysts anticipate that Arhaus, Inc. will post 0.75 EPS for the current year.

Arhaus Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

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.