EMG Holdings L.P. Grows Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

EMG Holdings L.P. increased its stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 489.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 294,719 shares of the company's stock after acquiring an additional 244,719 shares during the quarter. Arhaus comprises 1.6% of EMG Holdings L.P.'s holdings, making the stock its 12th largest holding. EMG Holdings L.P. owned about 0.21% of Arhaus worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Arhaus by 12.5% during 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. acquired a new stake in shares of Arhaus in the 3rd quarter valued at about $814,000. JPMorgan Chase & Co. raised its stake in Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after buying an additional 1,859,398 shares during the period. Charles Schwab Investment Management Inc. grew its position in Arhaus by 19.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company's stock valued at $5,251,000 after purchasing an additional 69,853 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Arhaus by 41.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after purchasing an additional 157,515 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 target price on the stock. Jefferies Financial Group increased their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Robert W. Baird boosted their target price on shares of Arhaus from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.59.

Arhaus Price Performance

Shares of ARHS stock traded up $0.69 during trading on Friday, hitting $7.75. The company had a trading volume of 4,164,075 shares, compared to its average volume of 1,542,472. Arhaus, Inc. has a 52 week low of $6.61 and a 52 week high of $19.81. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth 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 stock's 50-day moving average is $10.48 and its two-hundred day moving average is $10.35.

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.