On October 2, 2023, it was reported that Daymark Wealth Partners LLC had acquired a new stake in Arhaus, Inc. during the second quarter. According to the Securities & Exchange Commission filing, Daymark Wealth Partners purchased 12,000 shares of the company’s stock for a value of approximately $125,000.
This news comes alongside other notable transactions involving Arhaus. Insider Dawn Sparks sold 70,363 shares of the company’s stock on August 3rd at an average price of $12.00 per share. The total value of this transaction amounted to $844,356. Following the sale, Sparks now holds direct ownership of 310,456 shares with an estimated worth of around $3,725,472. The details of this transaction were disclosed in a legal filing with the Securities & Exchange Commission.
In addition to Sparks’ insider selling, major shareholder Fs Capital Partners Vi, Llc also conducted a significant sale of Arhaus stock. On August 16th, Fs Capital Partners Vi sold 13,800,000 shares at an average price of $10.00 per share. This resulted in a total value of $138 million from the transaction. As a result of this sale’s completion, Fs Capital Partners Vi currently holds direct ownership of 16,724,202 shares in Arhaus with an estimated value of $167,242,020. The details surrounding this sale were disclosed in a document filed with the Securities & Exchange Commission.
It is pertinent to note that Dawn Sparks executed another stock transaction on August 3rd as well when she sold 70,363 shares at an average price of $12.00 per share. The total value for this transaction amounted to $844,356. Following this latest transaction by Sparks, her direct ownership stands at 310,456 shares with an estimated worth of $3,725-472.
The disclosure for the insider selling and major shareholder sale can be accessed through the hyperlink provided by the Securities & Exchange Commission.
Overall, these transactions highlight significant movements in Arhaus stock ownership. It is worth noting that 1.52% of the company’s stock is currently owned by insiders. These latest developments in share acquisitions and sales provide valuable insights into the dynamics of Arhaus, Inc., and are crucial for investors and stakeholders to consider.
Reference: October 2, 2023
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Arhaus, Inc. Sees Notable Changes in Investor Positions and Receives Positive Analyst Ratings
Arhaus, Inc., a leading home furnishing retailer, has seen several notable changes in its investor positions recently. Large investors such as UBS Group AG, Quarry LP, Quantbot Technologies LP, Lazard Asset Management LLC, and Virtu Financial LLC have all made significant moves in their holdings of Arhaus stock.
UBS Group AG entered the market in the first quarter with a new position worth $36,000. This was followed by Quarry LP also purchasing shares valued at $36,000 during the same period. Quantbot Technologies LP joined the fray in the second quarter with a new stake worth approximately $29,000. Lazard Asset Management LLC boosted its existing holdings by 56.6% during the first quarter and now owns 8,892 shares of Arhaus stock valued at $75,000. Finally, Virtu Financial LLC acquired a new stake in the second quarter for around $45,000.
In total, hedge funds and other institutional investors currently own 23.49% of Arhaus’ stock.
Various equities research analysts have weighed in on Arhaus’ prospects as well. Piper Sandler increased their price objective from $13.00 to $16.00 and gave the stock an “overweight” rating in a recent report on August 10th. Morgan Stanley raised their target price from $9.00 to $12.00 and maintained an “equal weight” rating for the stock on August 22nd. Barclays also showed optimism by increasing their price target from $12.00 to $14.00 and providing an “overweight” rating on August 10th.
Additionally, Craig Hallum raised their price objective on Arhaus from $15.00 to $20.00 and assigned a “buy” rating on August 10th.The Telsey Advisory Group reiterated an “outperform” rating with a target price of $15.00 on August 16th. The consensus rating, as reported by Bloomberg, reflects a “Moderate Buy” sentiment with a consensus price target of $14.44.
On Monday, Arhaus’ stock opened at $9.30. The company currently has a market capitalization of $1.30 billion and a P/E ratio of 8.23. It has experienced a range of prices within the past year, with a low of $6.75 and a high of $15.27. Arhaus boasts a quick ratio of 0.66 and a current ratio of 1.51, indicating its ability to meet short-term financial obligations, although it carries a debt-to-equity ratio of 0.19.
Arhaus recently reported its quarterly earnings data on August 9th, exceeding analysts’ expectations. The company recorded an EPS of $0.29 for the quarter, surpassing the estimated consensus by $0.03 per share.Corporate revenues for the quarter amounted to $312.90 million, falling slightly short of the projected estimate of $326.27 million.However, Arhaus maintained an impressive net margin of 12.23% and achieved an outstanding return on equity at 71.15%.
Looking ahead, analysts anticipate that Arhaus will post earnings per share (EPS) of approximately $0.83 for the current fiscal year.
With its strong financial performance and positive reception in both investor circles and among equities research analysts, Arhaus is poised for continued success in the home furnishing industry.
[Note: This article is purely fictional and does not represent real events or companies.]
