American Century Companies Inc. Has $9.46 Million Holdings in Arhaus, Inc. (NASDAQ:ARHS)

American Century Companies Inc. lessened its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 46.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,005,911 shares of the company's stock after selling 883,839 shares during the quarter. American Century Companies Inc. owned 0.72% of Arhaus worth $9,456,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after acquiring an additional 134,312 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Arhaus during the 3rd quarter worth about $814,000. JPMorgan Chase & Co. lifted its holdings in Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Arhaus by 19.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock valued at $5,251,000 after purchasing an additional 69,853 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Arhaus by 41.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after buying an additional 157,515 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

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Arhaus Trading Up 0.9 %

Shares of NASDAQ:ARHS traded up $0.07 during trading on Monday, hitting $7.82. 2,827,156 shares of the company's stock were exchanged, compared to its average volume of 1,547,590. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.10 billion, a P/E ratio of 13.96, a PEG ratio of 11.57 and a beta of 2.64. The firm has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $10.29. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and cut their target price for the company from $13.00 to $8.50 in a research note on Monday. Stifel Nicolaus reduced their price objective on Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Telsey Advisory Group restated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Piper Sandler cut Arhaus from an "overweight" rating to a "neutral" rating and cut their price target for the company from $15.00 to $12.00 in a report on Thursday, February 27th. Finally, Loop Capital started coverage on shares of Arhaus in a report on Friday, January 24th. They set a "hold" rating and a $12.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Arhaus currently has an average rating of "Hold" and an average price target of $11.18.

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.