Signaturefd LLC Buys 1,017,316 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 944.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,125,059 shares of the company's stock after acquiring an additional 1,017,316 shares during the quarter. Signaturefd LLC owned 0.80% of Arhaus worth $10,576,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Arhaus in the third quarter worth about $814,000. Victory Capital Management Inc. grew its position in Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock worth $319,000 after acquiring an additional 1,416 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Arhaus by 23.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 118,042 shares of the company's stock worth $1,453,000 after purchasing an additional 22,076 shares during the period. LMR Partners LLP bought a new stake in Arhaus in the third quarter valued at approximately $4,308,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Arhaus during the third quarter valued at approximately $1,317,000. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARHS. Robert W. Baird upped their price target on shares of Arhaus from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. 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, Stifel Nicolaus reduced their target price 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.59.

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Arhaus Stock Up 0.6 %

Shares of NASDAQ:ARHS traded up $0.06 during midday trading on Friday, reaching $9.32. The company's stock had a trading volume of 1,195,779 shares, compared to its average volume of 1,500,973. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $11.08 and a 200-day moving average of $10.57. The firm has a market capitalization of $1.31 billion, a P/E ratio of 16.64, a PEG ratio of 11.57 and a beta of 2.68. Arhaus, Inc. has a 12-month low of $8.30 and a 12-month 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.