223,512 Shares in Arhaus, Inc. (NASDAQ:ARHS) Purchased by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 223,512 shares of the company's stock, valued at approximately $2,101,000. Atlas Capital Advisors Inc. owned 0.16% of Arhaus at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position 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 worth $14,874,000 after buying an additional 134,312 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Arhaus in the 3rd quarter worth about $814,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 1,859,398 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Arhaus by 19.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock worth $5,251,000 after purchasing an additional 69,853 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Arhaus by 41.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock worth $5,051,000 after purchasing an additional 157,515 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ARHS. Stifel Nicolaus decreased their price objective on shares of Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a research note on Monday, March 3rd. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Loop Capital started coverage on Arhaus in a research report on Friday, January 24th. They issued a "hold" rating and a $12.00 price objective on the stock. Robert W. Baird downgraded Arhaus from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $13.00 to $8.50 in a research report on Monday. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Eight 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.com, the stock presently has an average rating of "Hold" and an average price target of $11.18.

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Arhaus Stock Up 1.3 %

Shares of ARHS traded up $0.09 during trading on Wednesday, reaching $7.48. The company's stock had a trading volume of 470,814 shares, compared to its average volume of 1,547,346. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 11.57 and a beta of 2.64. 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 fifty day moving average of $10.20 and a two-hundred day moving average of $10.23. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $19.81.

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.