Raymond James & Associates Decreases Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Raymond James & Associates decreased its holdings in shares of Arhaus, Inc. (NASDAQ:ARHSFree Report) by 29.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,754 shares of the company’s stock after selling 5,000 shares during the period. Raymond James & Associates’ holdings in Arhaus were worth $109,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Voss Capital LLC boosted its stake in Arhaus by 24.2% during the third quarter. Voss Capital LLC now owns 500,000 shares of the company’s stock worth $4,650,000 after buying an additional 97,411 shares in the last quarter. North Growth Management Ltd. lifted its holdings in Arhaus by 111.1% during the 3rd quarter. North Growth Management Ltd. now owns 266,000 shares of the company’s stock valued at $2,477,000 after purchasing an additional 140,000 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of Arhaus by 166.7% in the third quarter. Daymark Wealth Partners LLC now owns 32,000 shares of the company’s stock worth $298,000 after purchasing an additional 20,000 shares during the period. Barclays PLC grew its position in Arhaus by 428,800.0% in the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after acquiring an additional 4,288 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Arhaus by 12.8% during the second quarter. California State Teachers Retirement System now owns 20,949 shares of the company’s stock worth $218,000 after purchasing an additional 2,375 shares during the last quarter. Institutional investors own 23.49% of the company’s stock.

Arhaus Price Performance

Shares of ARHS opened at $11.59 on Thursday. Arhaus, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $15.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 1.49. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.48 and a beta of 2.41. The firm has a 50-day simple moving average of $11.09 and a 200-day simple moving average of $10.18.

Insider Buying and Selling

In other Arhaus news, insider Kathy E. Veltri sold 75,000 shares of Arhaus stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $9.32, for a total value of $699,000.00. Following the completion of the transaction, the insider now directly owns 378,864 shares in the company, valued at $3,531,012.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Fs Capital Partners Vi, Llc sold 4,446,659 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.39, for a total transaction of $37,307,469.01. Following the completion of the sale, the insider now owns 12,277,543 shares of the company’s stock, valued at $103,008,585.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kathy E. Veltri sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $9.32, for a total transaction of $699,000.00. Following the sale, the insider now directly owns 378,864 shares of the company’s stock, valued at approximately $3,531,012.48. The disclosure for this sale can be found here. Insiders have sold 4,523,389 shares of company stock valued at $38,022,523 in the last quarter. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARHS. Piper Sandler reduced their price objective on Arhaus from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Morgan Stanley dropped their price objective on Arhaus from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $13.00 price objective on shares of Arhaus in a report on Tuesday, December 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and an average target price of $13.78.

View Our Latest Stock Analysis on ARHS

Arhaus Company Profile

(Free Report)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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, etc.; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

See Also

Want to see what other hedge funds are holding ARHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arhaus, Inc. (NASDAQ:ARHSFree Report).

Institutional Ownership by Quarter for Arhaus (NASDAQ:ARHS)

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