Arhaus, Inc. $ARHS Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 44.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622,477 shares of the company’s stock after selling 495,918 shares during the quarter. CenterBook Partners LP owned 0.44% of Arhaus worth $5,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Arhaus by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock valued at $7,994,000 after acquiring an additional 185,208 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Arhaus by 95.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Arhaus in the 2nd quarter worth approximately $1,582,000. Engineers Gate Manager LP boosted its stake in Arhaus by 54.4% in the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock worth $1,802,000 after purchasing an additional 75,371 shares during the period. Finally, Hardin Capital Partners LLC acquired a new position in Arhaus in the 2nd quarter worth approximately $672,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Up 9.7%

Shares of ARHS stock traded up $1.25 during trading on Friday, hitting $14.19. 4,932,397 shares of the company were exchanged, compared to its average volume of 1,740,626. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 3.56 and a beta of 2.24. The business’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $8.41. Arhaus, Inc. has a twelve month low of $5.57 and a twelve month high of $14.27.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The company had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. During the same quarter in the prior year, the company posted $0.09 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts forecast that Arhaus, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler raised shares of Arhaus from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $13.00 in a research note on Tuesday, October 20th. Robert W. Baird set a $10.00 target price on Arhaus in a research report on Friday, August 7th. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Morgan Stanley lifted their price target on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Craig Hallum raised Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.78.

Insider Transactions at Arhaus

In other news, major shareholder 2018 Reed Dynasty Trust sold 77,695 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total transaction of $1,012,365.85. Following the completion of the sale, the insider directly owned 64,927 shares of the company’s stock, valued at $845,998.81. This trade represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alton F. Doody III sold 3,500 shares of Arhaus stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the sale, the director owned 87,113 shares of the company’s stock, valued at approximately $737,847.11. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 278,896 shares of company stock valued at $3,508,782 in the last three months. Corporate insiders own 1.18% of the company’s stock.

More Arhaus News

Here are the key news stories impacting Arhaus this week:

• Positive Sentiment: Comparable written sales rose 13.9% year over year, signaling stronger customer demand. Arhaus forecast fiscal 2026 revenue of $1.465 billion to $1.485 billion, and said it aims for e-commerce to reach 25% of sales over five years. Arhaus revenue outlook and e-commerce target
• Neutral Sentiment: Third-quarter revenue grew 6.8% to $368 million, while comparable delivered sales increased 2.6%. Revenue growth shows continued expansion, but the reported total was slightly below analyst expectations. Arhaus third-quarter results
• Negative Sentiment: Quarterly EPS of $0.05 missed the $0.08 consensus and was down from $0.09 a year ago. Net income fell 36% to $8 million and adjusted EBITDA declined 12.3% to $27 million, as selling, general and administrative expenses rose faster than gross margin. Arhaus Q3 earnings miss
• Negative Sentiment: CEO John Reed and the 2018 Reed Dynasty Trust reported sizable share sales. The transactions were made under pre-arranged Rule 10b5-1 plans, which may lessen their significance, but insider selling can still weigh on investor sentiment. Arhaus insider share sale

About Arhaus

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.