Dynamic Technology Lab Private Ltd Cuts Stake in Arhaus, Inc. (NASDAQ:ARHS)

Dynamic Technology Lab Private Ltd lowered its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,612 shares of the company's stock after selling 43,537 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Arhaus were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of Arhaus during the 4th quarter valued at approximately $69,000. AlphaQuest LLC raised its stake in shares of Arhaus by 190.2% in the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after buying an additional 5,786 shares during the period. Stephens Inc. AR purchased a new position in shares of Arhaus during the 4th quarter valued at $109,000. Total Clarity Wealth Management Inc. bought a new position in shares of Arhaus during the 4th quarter worth $140,000. Finally, Intech Investment Management LLC increased its holdings in Arhaus by 55.5% in the 4th quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock worth $156,000 after acquiring an additional 5,925 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Price Performance

Shares of NASDAQ ARHS traded down $0.45 during mid-day trading on Tuesday, reaching $7.56. 1,023,930 shares of the company were exchanged, compared to its average volume of 1,566,538. The stock has a market capitalization of $1.06 billion, a PE ratio of 13.50, a PEG 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. Arhaus, Inc. has a 52 week low of $6.61 and a 52 week high of $19.81. The company's 50 day moving average price is $9.69 and its 200 day moving average price is $10.05.

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Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARHS. Stifel Nicolaus cut their target price on shares of 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 research report on Friday, January 24th. They set a "hold" rating and a $12.00 target price on the stock. Piper Sandler lowered Arhaus from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Finally, Robert W. Baird downgraded shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.18.

Arhaus 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.