Alliancebernstein L.P. Lowers Stake in Arhaus, Inc. (NASDAQ:ARHS)

Alliancebernstein L.P. cut its stake in Arhaus, Inc. (NASDAQ:ARHS) by 30.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,060 shares of the company’s stock after selling 16,550 shares during the quarter. Alliancebernstein L.P.’s holdings in Arhaus were worth $348,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ARHS. Geode Capital Management LLC raised its holdings in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Arhaus during the third quarter valued at approximately $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 acquiring an additional 1,859,398 shares in the last quarter. Vanguard Group Inc. grew its holdings in Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Arhaus by 41.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock worth $5,051,000 after purchasing an additional 157,515 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Arhaus Trading Down 5.3 %

Shares of NASDAQ:ARHS opened at $7.53 on Tuesday. The company has a market capitalization of $1.06 billion, a PE ratio of 13.45, a PEG ratio of 11.57 and a beta of 2.64. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The business has a 50 day moving average of $9.31 and a two-hundred day moving average of $9.94. The company has a current ratio of 1.23, a quick ratio of 0.52 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.