WD Rutherford LLC Invests $254,000 in Arhaus, Inc. (NASDAQ:ARHS)

WD Rutherford LLC purchased a new position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 27,050 shares of the company's stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP lifted its holdings in Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company's stock worth $148,455,000 after acquiring an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after acquiring an additional 1,859,398 shares in the last quarter. Emerald Advisers LLC lifted its holdings in Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company's stock worth $16,884,000 after acquiring an additional 32,077 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Arhaus by 107.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company's stock valued at $15,160,000 after purchasing an additional 636,691 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after purchasing an additional 134,312 shares during the period. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARHS has been the topic of several recent research reports. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and dropped their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Telsey Advisory Group reissued an "outperform" rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Piper Sandler lifted their price target on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus lifted their price target on Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.18.

Arhaus Stock Down 2.7 %

Shares of NASDAQ:ARHS traded down $0.34 during midday trading on Thursday, reaching $12.18. The company had a trading volume of 1,344,721 shares, compared to its average volume of 1,622,919. 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 business's 50 day moving average price is $11.07 and its 200 day moving average price is $10.95. The stock has a market cap of $1.71 billion, a PE ratio of 21.75, a P/E/G ratio of 13.09 and a beta of 2.63. Arhaus, Inc. has a 1-year low of $8.30 and a 1-year high of $19.81.

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.