Bank of New York Mellon Corp Grows Position in Arhaus, Inc. (NASDAQ:ARHS)

Bank of New York Mellon Corp raised its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,584,443 shares of the company's stock after acquiring an additional 120,582 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.13% of Arhaus worth $14,894,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Arhaus in the third quarter valued at about $43,000. Stephens Inc. AR bought a new position in Arhaus in the fourth quarter valued at about $109,000. Intech Investment Management LLC bought a new position in Arhaus in the third quarter valued at about $131,000. Total Clarity Wealth Management Inc. bought a new position in Arhaus in the fourth quarter valued at about $140,000. Finally, Wrapmanager Inc. bought a new position in Arhaus in the fourth quarter valued at about $177,000. Institutional investors own 27.88% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ARHS. Robert W. Baird increased their target price on Arhaus from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Piper Sandler downgraded Arhaus from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $11.00 price objective on shares of Arhaus in a research note on Wednesday, February 26th. Jefferies Financial Group raised their price objective on Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus decreased 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. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.59.

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Arhaus Price Performance

Shares of NASDAQ:ARHS traded up $0.19 during trading on Friday, hitting $8.85. 2,243,275 shares of the company's stock were exchanged, compared to its average volume of 1,501,682. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 11.57 and a beta of 2.68. The business's 50-day simple moving average is $11.11 and its 200 day simple moving average is $10.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus, Inc. has a 52-week low of $8.30 and a 52-week high of $19.81.

Arhaus Company 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.