Carnegie Investment Counsel Sells 100,490 Shares of Arhaus, Inc. $ARHS

Carnegie Investment Counsel cut its position in Arhaus, Inc. (NASDAQ:ARHS) by 71.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the company’s stock after selling 100,490 shares during the quarter. Carnegie Investment Counsel’s holdings in Arhaus were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of Arhaus during the 1st quarter worth approximately $40,000. Hsbc Holdings PLC raised its position in Arhaus by 67.9% during the first quarter. Hsbc Holdings PLC now owns 82,190 shares of the company’s stock valued at $548,000 after purchasing an additional 33,231 shares in the last quarter. Granite Investment Partners LLC raised its position in Arhaus by 14.0% during the first quarter. Granite Investment Partners LLC now owns 460,322 shares of the company’s stock valued at $3,121,000 after purchasing an additional 56,628 shares in the last quarter. Abel Hall LLC bought a new stake in Arhaus during the first quarter worth $68,000. Finally, MQS Management LLC bought a new stake in Arhaus during the first quarter worth $107,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Up 1.3%

Shares of ARHS opened at $7.83 on Wednesday. The stock’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $8.17. Arhaus, Inc. has a 12 month low of $5.57 and a 12 month high of $12.98. The company has a market capitalization of $1.11 billion, a PE ratio of 16.66, a PEG ratio of 3.11 and a beta of 2.28. 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 (NASDAQ:ARHS) last issued 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. Arhaus had a return on equity of 16.39% and a net margin of 4.67%.The company had revenue of $314.28 million during the quarter, compared to analysts’ expectations of $313.97 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Arhaus, Inc. will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ARHS shares. Robert W. Baird set a $8.00 price target on Arhaus in a research note on Friday, May 8th. TD Cowen dropped their price objective on Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Telsey Advisory Group set a $8.00 price objective on Arhaus and gave the company a “market perform” rating in a research note on Friday, May 8th. Guggenheim decreased their target price on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wall Street Zen cut Arhaus from a “hold” rating to a “sell” rating in a research report on Sunday. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.58.

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.