Ground Swell Capital LLC Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Ground Swell Capital LLC acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,831 shares of the company’s stock, valued at approximately $183,000.

A number of other institutional investors have also recently made changes to their positions in ARHS. Price T Rowe Associates Inc. MD bought a new position in Arhaus during the first quarter valued at approximately $8,326,000. FACT Capital LP increased its position in Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company’s stock valued at $9,467,000 after acquiring an additional 310,566 shares during the last quarter. Sei Investments Co. raised its stake in shares of Arhaus by 192.7% in the first quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after acquiring an additional 252,192 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Arhaus by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock worth $2,605,000 after acquiring an additional 112,583 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in shares of Arhaus during the 4th quarter worth about $2,132,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ARHS shares. Robert W. Baird reduced their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Barclays decreased their price target on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Craig Hallum dropped their price objective on Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. Finally, TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Arhaus Price Performance

Shares of ARHS stock opened at $10.74 on Wednesday. The company has a market cap of $1.51 billion, a P/E ratio of 14.13, a PEG ratio of 12.57 and a beta of 2.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The stock’s 50-day moving average is $13.81 and its 200 day moving average is $15.05. Arhaus, Inc. has a 1-year low of $7.56 and a 1-year high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. Research analysts predict that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

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.