Corebridge Financial Inc. Sells 1,922 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Corebridge Financial Inc. lowered its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,473 shares of the company’s stock after selling 1,922 shares during the period. Corebridge Financial Inc.’s holdings in Arhaus were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ARHS. Geode Capital Management LLC increased its stake in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after acquiring an additional 134,312 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Arhaus during the 3rd quarter worth $814,000. JPMorgan Chase & Co. boosted its stake in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after buying an additional 1,859,398 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arhaus by 19.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company’s stock worth $5,251,000 after acquiring an additional 69,853 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Arhaus by 41.5% in 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 in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Stock Performance

NASDAQ ARHS opened at $7.90 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 14.11, a PEG ratio of 11.57 and a beta of 2.64. The company has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $10.12. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

ARHS has been the subject of several research analyst reports. Loop Capital initiated coverage on shares of Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a report on Monday, March 3rd. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Finally, Baird R W downgraded Arhaus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Eight 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 currently has a consensus rating of “Hold” and a consensus target price of $11.18.

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.