Janus Henderson Group PLC Lowers Holdings in Arhaus, Inc. $ARHS

Janus Henderson Group PLC trimmed its position in Arhaus, Inc. (NASDAQ:ARHS) by 92.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the company’s stock after selling 216,824 shares during the period. Janus Henderson Group PLC’s holdings in Arhaus were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ARHS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Arhaus by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company’s stock worth $265,000 after buying an additional 1,326 shares in the last quarter. Millennium Management LLC grew its position in Arhaus by 83.8% during the first quarter. Millennium Management LLC now owns 696,690 shares of the company’s stock worth $6,061,000 after buying an additional 317,631 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Arhaus by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 620,508 shares of the company’s stock worth $5,398,000 after acquiring an additional 120,314 shares during the last quarter. Hsbc Holdings PLC increased its stake in Arhaus by 73.3% in the 2nd quarter. Hsbc Holdings PLC now owns 35,299 shares of the company’s stock worth $308,000 after acquiring an additional 14,927 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Arhaus in the 2nd quarter valued at about $424,000. Institutional investors own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arhaus in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Piper Sandler increased their price target on shares of Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Telsey Advisory Group raised their price objective on shares of Arhaus from $8.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus dropped their price objective on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.12.

Arhaus Price Performance

Shares of Arhaus stock opened at $9.84 on Wednesday. The firm has a market capitalization of $1.39 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 3.03 and a beta of 2.29. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. Arhaus, Inc. has a 12 month low of $5.57 and a 12 month high of $12.93. The business’s 50-day moving average price is $7.76 and its 200-day moving average price is $7.75.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $384.90 million during the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.Arhaus’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Sell-side analysts forecast that Arhaus, Inc. will post 0.53 EPS 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.