Russell Investments Group Ltd. Reduces Stake in Arhaus, Inc. (NASDAQ:ARHS)

Russell Investments Group Ltd. trimmed its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,350 shares of the company's stock after selling 335,416 shares during the quarter. Russell Investments Group Ltd.'s holdings in Arhaus were worth $605,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARHS. JPMorgan Chase & Co. boosted its position in shares of Arhaus by 1,808.2% in 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 in the last quarter. Signaturefd LLC raised its position in Arhaus by 944.2% during the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after acquiring an additional 1,017,316 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Arhaus in the fourth quarter valued at about $3,067,000. Emerald Advisers LLC grew its position in shares of Arhaus by 18.7% in the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company's stock valued at $15,307,000 after purchasing an additional 256,887 shares during the last quarter. Finally, EMG Holdings L.P. increased its stake in shares of Arhaus by 489.4% during the 4th quarter. EMG Holdings L.P. now owns 294,719 shares of the company's stock worth $2,770,000 after purchasing an additional 244,719 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARHS. Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday, January 10th. Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Robert W. Baird downgraded shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $11.00 price objective on shares of Arhaus in a research note on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.18.

Arhaus Stock Up 6.1 %

Shares of ARHS opened at $7.99 on Wednesday. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $19.81. The company's fifty day moving average is $9.22 and its two-hundred day moving average is $9.93. The firm has a market cap of $1.12 billion, a PE ratio of 14.27, 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.

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.

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