Landscape Capital Management L.L.C. Purchases Shares of 326,226 Arhaus, Inc. (NASDAQ:ARHS)

Landscape Capital Management L.L.C. purchased a new stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 326,226 shares of the company's stock, valued at approximately $3,067,000. Landscape Capital Management L.L.C. owned approximately 0.23% of Arhaus as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of Arhaus in the third quarter worth approximately $131,000. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 69,853 shares during the period. Quantbot Technologies LP purchased a new position in Arhaus during the 3rd quarter worth approximately $43,000. MetLife Investment Management LLC lifted its holdings in shares of Arhaus by 129.1% in the third quarter. MetLife Investment Management LLC now owns 29,978 shares of the company's stock valued at $369,000 after purchasing an additional 16,891 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arhaus by 20.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,215 shares of the company's stock valued at $680,000 after purchasing an additional 9,248 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

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Arhaus Stock Performance

Shares of ARHS traded up $0.11 during mid-day trading on Wednesday, hitting $7.50. The company's stock had a trading volume of 516,432 shares, compared to its average volume of 1,547,655. The stock's 50-day moving average is $10.20 and its two-hundred day moving average is $10.23. The firm has a market capitalization of $1.05 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64. 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 one year low of $6.61 and a one year high of $19.81.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ARHS shares. Loop Capital assumed coverage on Arhaus in a research report on Friday, January 24th. They set a "hold" rating and a $12.00 price target on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $11.00 target price on shares of Arhaus in a report on Wednesday, February 26th. Stifel Nicolaus reduced their price target 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. Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Finally, Piper Sandler downgraded shares of Arhaus from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Arhaus presently has a consensus rating of "Hold" and an average price target of $11.18.

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.