Arhaus, Inc. (NASDAQ:ARHS) Stake Boosted by Sei Investments Co.

Sei Investments Co. increased its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,892 shares of the company's stock after buying an additional 31,679 shares during the quarter. Sei Investments Co. owned about 0.42% of Arhaus worth $5,517,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised 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 in the last quarter. Principal Financial Group Inc. bought a new stake in Arhaus during the third quarter worth approximately $814,000. JPMorgan Chase & Co. lifted its position in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after purchasing an additional 1,859,398 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Arhaus by 19.6% during 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 in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of 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 period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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Arhaus Stock Up 9.8 %

Shares of Arhaus stock traded up $0.69 during midday trading on Friday, hitting $7.75. The company's stock had a trading volume of 4,164,075 shares, compared to its average volume of 1,542,472. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.84, a PEG ratio of 11.57 and a beta of 2.64. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81. 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 has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $10.32.

Analyst Upgrades and Downgrades

ARHS has been the subject of several research reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of Arhaus from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Loop Capital started coverage on Arhaus in a report on Friday, January 24th. They issued a "hold" rating and a $12.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.59.

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.