Renaissance Technologies LLC Sells 581,400 Shares of Arhaus, Inc. $ARHS

Renaissance Technologies LLC decreased its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 33.1% in the first quarter, Holdings Channel.com reports. The firm owned 1,172,600 shares of the company’s stock after selling 581,400 shares during the period. Renaissance Technologies LLC’s holdings in Arhaus were worth $7,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in Arhaus by 89.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock worth $30,000 after purchasing an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Arhaus during the third quarter valued at about $30,000. Global Retirement Partners LLC purchased a new stake in Arhaus during the fourth quarter valued at about $39,000. Fifth Third Bancorp bought a new position in shares of Arhaus during the first quarter valued at about $40,000. Finally, New York State Teachers Retirement System bought a new position in shares of Arhaus during the fourth quarter valued at about $52,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Up 6.6%

Shares of Arhaus stock opened at $7.90 on Tuesday. 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 $1.12 billion, a P/E ratio of 16.81, a PEG ratio of 2.98 and a beta of 2.29. The company’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $7.82.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARHS. Piper Sandler lowered their target price on Arhaus from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Stifel Nicolaus decreased their price target on Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arhaus in a research report on Wednesday, June 17th. 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 note on Monday, May 11th. Finally, Guggenheim cut their target price on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.58.

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.