Acuitas Investments LLC increased its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 56.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,871 shares of the company's stock after purchasing an additional 127,700 shares during the quarter. Arhaus makes up approximately 2.8% of Acuitas Investments LLC's holdings, making the stock its 11th largest holding. Acuitas Investments LLC owned about 0.25% of Arhaus worth $3,345,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company's stock worth $148,455,000 after buying an additional 2,536,075 shares during the period. JPMorgan Chase & Co. lifted its stake in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after acquiring an additional 1,859,398 shares during the period. Wellington Management Group LLP boosted its holdings in Arhaus by 107.0% in the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company's stock valued at $15,160,000 after acquiring an additional 636,691 shares in the last quarter. LMR Partners LLP bought a new stake in Arhaus in the third quarter valued at $4,308,000. Finally, Harbor Capital Advisors Inc. increased its position in Arhaus by 147.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company's stock valued at $4,675,000 after purchasing an additional 226,017 shares during the period. Hedge funds and other institutional investors own 27.88% of the company's stock.
Arhaus Stock Down 7.2 %
Shares of NASDAQ:ARHS traded down $0.88 on Friday, hitting $11.30. 2,550,889 shares of the company traded hands, compared to its average volume of 1,650,235. The stock has a 50 day simple moving average of $11.09 and a 200-day simple moving average of $10.94. 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 company has a market cap of $1.59 billion, a PE ratio of 20.18, a PEG ratio of 12.82 and a beta of 2.63. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Loop Capital started coverage on shares of Arhaus in a research report on Friday, January 24th. They issued a "hold" rating and a $12.00 target price for the company. Wedbush cut their price objective on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group reiterated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a report on Friday, January 10th. Barclays lowered their target price on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Finally, Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.18.
Check Out Our Latest Report on ARHS
Arhaus Profile
(
Free Report)
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.
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