Arhaus, Inc. (NASDAQ:ARHS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 32.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,590,184 shares of the company's stock after acquiring an additional 627,952 shares during the period. JPMorgan Chase & Co. owned about 1.84% of Arhaus worth $24,348,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARHS. Daymark Wealth Partners LLC increased its holdings in Arhaus by 2.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock valued at $404,000 after buying an additional 1,000 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock worth $672,000 after acquiring an additional 1,231 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company's stock valued at $544,000 after acquiring an additional 3,529 shares during the last quarter. AlphaQuest LLC raised its position in shares of Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after acquiring an additional 5,786 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Arhaus by 55.5% during the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock worth $156,000 after purchasing an additional 5,925 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have weighed in on ARHS. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Stifel Nicolaus cut their price target on shares of Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Baird R W lowered Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Arhaus presently has an average rating of "Hold" and an average target price of $11.18.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.05 during midday trading on Tuesday, hitting $7.96. The company had a trading volume of 217,841 shares, compared to its average volume of 1,563,596. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The company's 50 day simple moving average is $9.80 and its 200 day simple moving average is $10.07. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 11.57 and a beta of 2.64.

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.