Hardin Capital Partners LLC bought a new position in Arhaus, Inc. (NASDAQ:ARHS – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 79,814 shares of the company’s stock, valued at approximately $672,000. Hardin Capital Partners LLC owned about 0.06% of Arhaus at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Arhaus by 89.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock worth $30,000 after acquiring an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Arhaus in the 3rd quarter worth about $30,000. Global Retirement Partners LLC purchased a new stake in Arhaus in the 4th quarter worth about $39,000. Fifth Third Bancorp bought a new stake in Arhaus in the 1st quarter valued at about $40,000. Finally, New York State Teachers Retirement System bought a new stake in Arhaus in the 4th quarter valued at about $52,000. 27.88% of the stock is currently owned by institutional investors.
Arhaus Stock Performance
Shares of ARHS opened at $8.24 on Thursday. Arhaus, Inc. has a 52-week low of $5.57 and a 52-week high of $12.98. The stock’s 50-day simple moving average is $7.52 and its 200 day simple moving average is $7.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.46 and a current ratio of 1.25. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 3.33 and a beta of 2.29.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on ARHS shares. Robert W. Baird set a $8.00 target price on shares of Arhaus in a research report on Friday, May 8th. Guggenheim lowered their price target on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Stifel Nicolaus dropped their price target on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. TD Cowen cut their price objective on shares of Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Arhaus in a research note on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.58.
Read Our Latest Stock Report on Arhaus
Arhaus Company Profile
Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.
The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.
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