Arhaus, Inc. (NASDAQ:ARHS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,219,876 shares of the company’s stock after acquiring an additional 11,895 shares during the quarter. Geode Capital Management LLC owned about 0.87% of Arhaus worth $11,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ARHS. KLP Kapitalforvaltning AS purchased a new stake in shares of Arhaus in the fourth quarter worth about $69,000. AlphaQuest LLC boosted its holdings in Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after acquiring an additional 5,786 shares during the period. Stephens Inc. AR acquired a new stake in Arhaus in the fourth quarter valued at approximately $109,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Arhaus during the fourth quarter valued at approximately $140,000. Finally, Intech Investment Management LLC boosted its stake in shares of Arhaus by 55.5% in the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company’s stock valued at $156,000 after purchasing an additional 5,925 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARHS has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Robert W. Baird lowered Arhaus from an “outperform” rating to a “neutral” rating and cut their target price for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Loop Capital began coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price target for the company. Piper Sandler downgraded 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 note on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.18.

Arhaus Trading Up 6.1 %

Arhaus stock opened at $7.99 on Wednesday. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week 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 firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 11.57 and a beta of 2.64. The firm has a 50-day moving average price of $9.22 and a two-hundred day moving average price of $9.93.

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.