10,000 Shares in Arhaus, Inc. (NASDAQ:ARHS) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Arhaus in the 2nd quarter valued at approximately $29,000. UBS Group AG purchased a new position in shares of Arhaus in the 1st quarter valued at approximately $36,000. Quarry LP purchased a new position in shares of Arhaus in the 1st quarter valued at approximately $36,000. Barclays PLC grew its stake in shares of Arhaus by 428,800.0% in the 2nd quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after purchasing an additional 4,288 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Arhaus in the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America lifted their target price on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Telsey Advisory Group lifted their target price on Arhaus from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. One equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.25.

Arhaus Stock Down 2.3 %

ARHS opened at $14.42 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78. The business has a 50 day simple moving average of $14.24 and a 200-day simple moving average of $11.53. The stock has a market capitalization of $2.02 billion, a P/E ratio of 16.20, a P/E/G ratio of 2.72 and a beta of 2.42. Arhaus, Inc. has a 12 month low of $6.75 and a 12 month high of $16.60.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $336.73 million. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts anticipate that Arhaus, Inc. will post 0.76 earnings per share for the current fiscal year.

Arhaus Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.50 per share. 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.