CenterBook Partners LP Has $7.23 Million Stake in Arhaus, Inc. (NASDAQ:ARHS)

CenterBook Partners LP boosted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 769,453 shares of the company's stock after purchasing an additional 255,065 shares during the period. CenterBook Partners LP owned 0.55% of Arhaus worth $7,233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. 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. Principal Financial Group Inc. bought a new stake in Arhaus during the third quarter worth $814,000. 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 valued at $24,155,000 after acquiring an additional 1,859,398 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Arhaus by 19.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock valued at $5,251,000 after acquiring an additional 69,853 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after acquiring an additional 157,515 shares during the period. 27.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARHS has been the subject of several recent analyst reports. Piper Sandler downgraded shares of Arhaus from an "overweight" rating to a "neutral" rating and cut their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. 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. Telsey Advisory Group reiterated an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Jefferies Financial Group raised 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. Finally, Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They issued a "hold" rating and a $12.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Arhaus currently has a consensus rating of "Hold" and a consensus price target of $11.18.

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Arhaus Price Performance

Shares of ARHS remained flat at $7.90 during mid-day trading on Monday. 267,279 shares of the stock traded hands, compared to its average volume of 1,566,165. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. The stock has a 50 day moving average of $9.88 and a 200-day moving average of $10.10. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64.

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.