Hardin Capital Partners LLC Invests $672,000 in Arhaus, Inc. $ARHS

Hardin Capital Partners LLC acquired a new position in Arhaus, Inc. (NASDAQ:ARHS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 79,814 shares of the company’s stock, valued at approximately $672,000.

Several other large investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Arhaus by 2.1% during the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after buying an additional 49,036 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Arhaus by 151.7% in the 1st quarter. Quantinno Capital Management LP now owns 57,595 shares of the company’s stock valued at $390,000 after acquiring an additional 34,714 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Arhaus by 2.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock valued at $7,564,000 after acquiring an additional 22,580 shares in the last quarter. Entropy Technologies LP boosted its position in shares of Arhaus by 7.0% during the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock valued at $213,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Arhaus by 95.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

ARHS opened at $8.24 on Thursday. The stock has a 50-day moving average price of $7.52 and a 200-day moving average price of $7.78. Arhaus, Inc. has a 12-month low of $5.57 and a 12-month high of $12.98. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.17 billion, a P/E ratio of 17.54, a PEG ratio of 3.33 and a beta of 2.29.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $384.90 million for the quarter, compared to analyst estimates of $365.66 million. Arhaus had a return on equity of 16.39% and a net margin of 4.67%. Equities analysts predict that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARHS. Guggenheim cut their price objective on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, May 8th. Robert W. Baird set a $8.00 target price on shares of Arhaus in a research note on Friday, May 8th. TD Cowen dropped their target price on shares of Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Arhaus in a research note on Wednesday, June 17th. Finally, Stifel Nicolaus decreased their price target on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.58.

Arhaus 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.