CenterBook Partners LP Decreases Holdings in Arhaus, Inc. $ARHS

CenterBook Partners LP reduced its position in Arhaus, Inc. (NASDAQ:ARHS) by 81.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 343,043 shares of the company’s stock after selling 1,548,414 shares during the period. CenterBook Partners LP’s holdings in Arhaus were worth $2,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Arhaus by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company’s stock worth $265,000 after purchasing an additional 1,326 shares in the last quarter. GAMMA Investing LLC raised its stake in Arhaus by 185.1% in the second quarter. GAMMA Investing LLC now owns 3,150 shares of the company’s stock valued at $27,000 after buying an additional 2,045 shares during the last quarter. Rhumbline Advisers boosted its holdings in Arhaus by 3.2% in the first quarter. Rhumbline Advisers now owns 73,761 shares of the company’s stock worth $642,000 after acquiring an additional 2,255 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Arhaus by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,254,147 shares of the company’s stock worth $10,875,000 after acquiring an additional 3,146 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Arhaus by 13.4% during the second quarter. Intech Investment Management LLC now owns 26,819 shares of the company’s stock valued at $233,000 after acquiring an additional 3,178 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ARHS has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $11.00 target price (up from $9.00) on shares of Arhaus in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Arhaus from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Stifel Nicolaus upped their target price on Arhaus from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Gordon Haskett assumed coverage on Arhaus in a research note on Thursday, September 18th. They issued a “hold” rating and a $12.00 target price for the company. Finally, Cowen reiterated a “buy” rating on shares of Arhaus in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.11.

Arhaus Stock Up 5.0%

NASDAQ:ARHS opened at $9.38 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.34 and a quick ratio of 0.64. The company’s fifty day moving average price is $10.21 and its 200-day moving average price is $9.85. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $13.02. The firm has a market capitalization of $1.32 billion, a P/E ratio of 18.04, a PEG ratio of 5.13 and a beta of 2.52.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Arhaus had a net margin of 5.40% and a return on equity of 19.62%. The company had revenue of $344.57 million during the quarter, compared to the consensus estimate of $338.26 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Arhaus has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.