Lightrock Netherlands B.V. Buys Shares of 114,969 Arhaus, Inc. (NASDAQ:ARHS)

Lightrock Netherlands B.V. bought a new stake in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 114,969 shares of the company's stock, valued at approximately $1,086,000. Lightrock Netherlands B.V. owned about 0.08% of Arhaus as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in Arhaus in the third quarter valued at approximately $43,000. Stephens Inc. AR acquired a new position in Arhaus in the fourth quarter valued at approximately $109,000. Intech Investment Management LLC acquired a new position in Arhaus in the third quarter valued at approximately $131,000. Total Clarity Wealth Management Inc. acquired a new position in Arhaus in the fourth quarter valued at approximately $140,000. Finally, Olympiad Research LP acquired a new position in Arhaus in the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Price Performance

Shares of ARHS traded up $0.14 during trading hours on Friday, hitting $12.60. 1,731,354 shares of the stock were exchanged, compared to its average volume of 1,633,888. 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 12-month low of $8.30 and a 12-month high of $19.81. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 13.29 and a beta of 2.63. The stock's 50-day moving average price is $10.95 and its two-hundred day moving average price is $11.01.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARHS. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and decreased their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Barclays decreased their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Friday, January 10th. Finally, Loop Capital started coverage on Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.18.

About Arhaus

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.