CenterBook Partners LP Cuts Stock Position in Arhaus, Inc. $ARHS

CenterBook Partners LP lowered its stake in Arhaus, Inc. (NASDAQ:ARHS) by 35.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 684,296 shares of the company’s stock after selling 372,071 shares during the period. CenterBook Partners LP owned 0.49% of Arhaus worth $7,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $1,897,000. Simcoe Capital LLC purchased a new stake in shares of Arhaus in the 4th quarter worth approximately $4,592,000. AGP Franklin LLC purchased a new stake in shares of Arhaus in the 4th quarter worth approximately $1,705,000. EVR Research LP purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $1,063,000. Finally, UBS Group AG grew its stake in shares of 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 buying an additional 331,961 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Guggenheim cut their price target on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus cut their target price on Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Telsey Advisory Group set a $8.00 target price on Arhaus and gave the company a “market perform” rating in a research note on Friday, May 8th. Finally, TD Cowen cut their target price on Arhaus from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Arhaus currently has a consensus rating of “Hold” and a consensus price target of $9.58.

Arhaus Stock Performance

Shares of ARHS opened at $6.33 on Monday. The business’s fifty day simple moving average is $6.75 and its two-hundred day simple moving average is $8.73. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14. Arhaus, Inc. has a 12 month low of $5.57 and a 12 month high of $12.98. The company has a market cap of $895.95 million, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.42 and a beta of 2.33.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $314.28 million for the quarter, compared to analysts’ expectations of $313.97 million. Arhaus had a return on equity of 16.39% and a net margin of 4.67%.The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. Research analysts anticipate that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

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.