Emerald Advisers LLC Boosts Stake in Arhaus, Inc. (NASDAQ:ARHS)

Emerald Advisers LLC lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,628,454 shares of the company's stock after acquiring an additional 256,887 shares during the quarter. Emerald Advisers LLC owned 1.16% of Arhaus worth $15,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock worth $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Arhaus during the 3rd quarter valued at approximately $814,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Arhaus during the 3rd quarter valued at approximately $802,000. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 1,859,398 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Arhaus by 19.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock worth $5,251,000 after acquiring an additional 69,853 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Trading Down 0.7 %

Shares of ARHS stock traded down $0.07 on Thursday, hitting $9.38. 1,391,045 shares of the stock traded hands, compared to its average volume of 1,504,737. 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 twelve month low of $8.30 and a twelve month high of $19.81. The firm's 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.50. The stock has a market capitalization of $1.32 billion, a PE ratio of 16.75, a PEG ratio of 11.57 and a beta of 2.68.

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Analyst Ratings Changes

Several analysts have recently issued reports 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 on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $11.00 price objective on shares of Arhaus in a research note on Wednesday, February 26th. Piper Sandler downgraded Arhaus from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price target on Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus decreased their price objective on Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Arhaus currently has an average rating of "Hold" and an average price target of $11.59.

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.