Vanguard Group Inc. Acquires 50,250 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Vanguard Group Inc. grew its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,062,635 shares of the company's stock after acquiring an additional 50,250 shares during the quarter. Vanguard Group Inc. owned 3.60% of Arhaus worth $47,589,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock valued at $24,155,000 after buying an additional 1,859,398 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Arhaus by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company's stock valued at $14,894,000 after purchasing an additional 120,582 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company's stock worth $15,160,000 after purchasing an additional 636,691 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after buying an additional 134,312 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Arhaus by 944.2% during the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after buying an additional 1,017,316 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

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Analyst Ratings Changes

ARHS has been the topic of several recent analyst reports. Robert W. Baird lowered shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Stifel Nicolaus cut their price objective on Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a research report on Monday, March 3rd. Loop Capital assumed coverage on Arhaus in a report on Friday, January 24th. They set a "hold" rating and a $12.00 price target for the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $11.00 price objective on shares of Arhaus in a report on Wednesday, February 26th. Finally, Jefferies Financial Group lifted their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.18.

Arhaus Price Performance

ARHS remained flat at $7.56 on Wednesday. 469,937 shares of the company traded hands, compared to its average volume of 1,562,393. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64. The company has a 50 day moving average of $9.69 and a 200-day moving average of $10.05.

About Arhaus

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.