Sapient Capital LLC Acquires Shares of 10,000 Arhaus, Inc. (NASDAQ:ARHS)

Sapient Capital LLC purchased a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $118,000.

A number of other large investors have also added to or reduced their stakes in the company. Voss Capital LLC grew its stake in shares of Arhaus by 23.0% in the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock worth $7,288,000 after purchasing an additional 115,000 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Arhaus by 50.0% during the fourth quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock valued at $3,271,000 after buying an additional 91,356 shares during the period. Algert Global LLC raised its holdings in shares of Arhaus by 192.5% during the third quarter. Algert Global LLC now owns 243,045 shares of the company’s stock valued at $2,260,000 after acquiring an additional 159,955 shares in the last quarter. Swiss National Bank raised its holdings in shares of Arhaus by 43.7% during the third quarter. Swiss National Bank now owns 74,600 shares of the company’s stock valued at $694,000 after acquiring an additional 22,700 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Arhaus by 28.3% in the third quarter. Acadian Asset Management LLC now owns 84,535 shares of the company’s stock valued at $785,000 after acquiring an additional 18,653 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ARHS. Telsey Advisory Group restated an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a report on Friday, April 26th. Bank of America raised their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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. The stock 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 quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $14.51 and its 200-day moving average price is $11.99. Arhaus, Inc. has a 52 week low of $6.75 and a 52 week high of $16.60.

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

Arhaus Dividend Announcement

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

About Arhaus

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.