Capital Impact Advisors LLC Increases Stake in Arhaus, Inc. (NASDAQ:ARHS)

Capital Impact Advisors LLC increased its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS – Get Rating) by 61.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 84,184 shares of the company’s stock after purchasing an additional 32,094 shares during the period. Capital Impact Advisors LLC’s holdings in Arhaus were worth $702,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Arhaus during the 3rd quarter worth approximately $106,000. State Street Corp increased its position in shares of Arhaus by 25.7% in the 3rd quarter. State Street Corp now owns 61,613 shares of the company’s stock valued at $434,000 after purchasing an additional 12,600 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $212,000. Two Sigma Advisers LP purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $269,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $1,044,000. 30.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Arhaus from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday. Piper Sandler lowered their target price on shares of Arhaus from $16.00 to $13.00 in a report on Friday, March 10th. Barclays lowered their target price on shares of Arhaus from $16.00 to $14.00 in a report on Friday, March 10th. Telsey Advisory Group upped their target price on shares of Arhaus from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, March 6th. Finally, Bank of America upped their target price on shares of Arhaus from $12.00 to $16.50 in a report on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.50.

Arhaus Stock Up 4.5 %

Shares of NASDAQ:ARHS opened at $8.98 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of 9.16 and a beta of 2.69. The firm has a fifty day moving average price of $13.08 and a 200 day moving average price of $10.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.51. Arhaus, Inc. has a 1-year low of $4.23 and a 1-year high of $15.27.

Insider Buying and Selling

In related news, insider Dawn Sparks sold 75,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $8.51, for a total transaction of $638,250.00. Following the completion of the sale, the insider now owns 378,414 shares in the company, valued at approximately $3,220,303.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Arhaus Company Profile

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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.