Acuitas Investments LLC Sells 110,077 Shares of Arhaus, Inc. $ARHS

Acuitas Investments LLC reduced its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 22.8% in the third quarter, Holdings Channel reports. The institutional investor owned 373,593 shares of the company’s stock after selling 110,077 shares during the period. Arhaus comprises about 2.5% of Acuitas Investments LLC’s portfolio, making the stock its 16th biggest holding. Acuitas Investments LLC’s holdings in Arhaus were worth $3,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Voya Investment Management LLC increased its holdings in Arhaus by 10,207.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,512,367 shares of the company’s stock worth $16,076,000 after acquiring an additional 1,497,694 shares in the last quarter. Wasatch Advisors LP lifted its stake in Arhaus by 6.8% in the 2nd quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock worth $110,137,000 after purchasing an additional 811,337 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Arhaus by 207.9% in the third quarter. CenterBook Partners LP now owns 1,056,367 shares of the company’s stock worth $11,229,000 after buying an additional 713,324 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Arhaus during the 2nd quarter worth approximately $4,691,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Arhaus during the third quarter valued at $3,731,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARHS. Telsey Advisory Group raised their price objective on Arhaus from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Arhaus in a research report on Monday, December 29th. Morgan Stanley raised their price target on Arhaus from $10.50 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Jefferies Financial Group reissued a “hold” rating and issued a $9.50 price objective on shares of Arhaus in a research note on Thursday, February 26th. Finally, Stifel Nicolaus set a $12.00 price objective on Arhaus in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.00.

Arhaus Price Performance

Arhaus stock opened at $7.45 on Wednesday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.52 and a beta of 2.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.62 and a current ratio of 1.37. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $12.98. The company’s 50 day simple moving average is $9.46 and its 200-day simple moving average is $10.20.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $364.85 million for the quarter, compared to analyst estimates of $351.53 million. Arhaus had a return on equity of 17.32% and a net margin of 4.88%.Arhaus’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, equities research analysts expect that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Arhaus Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, March 18th.

About Arhaus

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.