Silvercrest Asset Management Group LLC Purchases Shares of 539,408 Arhaus, Inc. (NASDAQ:ARHS)

Silvercrest Asset Management Group LLC bought a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 539,408 shares of the company’s stock, valued at approximately $8,301,000.

A number of other large investors also recently modified their holdings of ARHS. Voss Capital LLC lifted its holdings in Arhaus by 23.0% in the fourth 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. FACT Capital LP lifted its holdings in Arhaus by 63.6% in the fourth quarter. FACT Capital LP now owns 798,931 shares of the company’s stock valued at $9,467,000 after buying an additional 310,566 shares during the period. Sei Investments Co. lifted its holdings in 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 buying an additional 252,192 shares during the period. CenterBook Partners LP acquired a new position in Arhaus in the fourth quarter valued at approximately $2,132,000. Finally, Olympiad Research LP lifted its holdings in Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after buying an additional 2,334 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Performance

NASDAQ ARHS opened at $15.29 on Wednesday. The firm has a 50-day moving average of $17.08 and a 200-day moving average of $14.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The stock has a market cap of $2.15 billion, a PE ratio of 20.12, a P/E/G ratio of 2.41 and a beta of 2.58. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $295.16 million during the quarter, compared to analysts’ expectations of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. On average, sell-side analysts anticipate that Arhaus, Inc. will post 0.76 EPS for the current year.

Insider Buying and Selling

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares in the company, valued at $591,816.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,960 shares of company stock valued at $2,978,281. 1.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ARHS. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Arhaus in a research note on Thursday, May 9th. Stifel Nicolaus began coverage on shares of Arhaus in a research note on Tuesday, July 9th. They issued a “buy” rating and a $19.50 target price for the company. TD Cowen upped their target price on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Robert W. Baird increased their price objective on shares of Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.77.

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.