Sapient Capital LLC Makes New $118,000 Investment in Arhaus, Inc. (NASDAQ:ARHS)

Sapient Capital LLC bought a new stake in Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, HoldingsChannel.com reports. The firm bought 10,000 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors have also recently made changes to their positions in ARHS. Vanguard Group Inc. increased its holdings in shares of Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock valued at $28,450,000 after purchasing an additional 1,159,856 shares during the last quarter. Scopus Asset Management L.P. purchased a new position in shares of Arhaus during the 3rd quarter worth $17,671,000. Summit Creek Advisors LLC grew its holdings in shares of Arhaus by 8.3% in the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company’s stock valued at $12,481,000 after purchasing an additional 102,402 shares during the period. Signaturefd LLC increased its position in Arhaus by 10.1% during the fourth quarter. Signaturefd LLC now owns 657,309 shares of the company’s stock worth $7,789,000 after purchasing an additional 60,240 shares during the last quarter. Finally, Voss Capital LLC grew its stake in shares of Arhaus by 23.0% in the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after buying an additional 115,000 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARHS. Bank of America lifted their price target on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Telsey Advisory Group reissued an “outperform” rating and set a $17.00 price objective on shares of Arhaus in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.25.

Arhaus Trading Down 0.5 %

NASDAQ ARHS opened at $13.22 on Thursday. Arhaus, Inc. has a one year low of $6.75 and a one year high of $16.60. The firm has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $11.99. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 2.30 and a beta of 2.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Equities research analysts anticipate that Arhaus, Inc. will post 0.75 EPS for the current fiscal year.

Arhaus Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

Arhaus 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.