CenterBook Partners LP Sells 372,071 Shares of Arhaus, Inc. $ARHS

CenterBook Partners LP trimmed its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 35.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 684,296 shares of the company’s stock after selling 372,071 shares during the quarter. CenterBook Partners LP’s holdings in Arhaus were worth $7,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Arhaus by 89.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after buying an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Arhaus in the 3rd quarter worth $30,000. Global Retirement Partners LLC bought a new position in Arhaus in the 4th quarter worth $39,000. Johnson Investment Counsel Inc. bought a new position in Arhaus in the 3rd quarter worth $49,000. Finally, New York State Teachers Retirement System bought a new position in Arhaus in the 4th quarter worth $52,000. 27.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Arhaus from a “sell” rating to a “hold” rating in a report on Saturday. TD Cowen decreased their target price on Arhaus from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group decreased their target price on Arhaus from $9.50 to $7.25 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Telsey Advisory Group set a $8.00 target price on Arhaus and gave the stock a “market perform” rating in a report on Friday, May 8th. Finally, Guggenheim decreased their target price on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Arhaus has an average rating of “Hold” and a consensus price target of $9.58.

Arhaus Price Performance

Shares of Arhaus stock opened at $6.33 on Monday. The stock’s 50-day simple moving average is $6.75 and its 200-day simple moving average is $8.73. Arhaus, Inc. has a 52 week low of $5.57 and a 52 week high of $12.98. The company has a market capitalization of $895.95 million, a price-to-earnings ratio of 13.47, a PEG ratio of 1.42 and a beta of 2.33. The company has a quick ratio of 0.46, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.02 EPS 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 business had revenue of $314.28 million for the quarter, compared to the consensus estimate of $313.97 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, analysts expect that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

Arhaus Company 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.