Sequoia Financial Advisors LLC Trims Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Sequoia Financial Advisors LLC lowered its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,070 shares of the company’s stock after selling 1,921 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.08% of Arhaus worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Arhaus during the 3rd quarter valued at about $43,000. AlphaQuest LLC lifted its holdings in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after purchasing an additional 5,786 shares during the last quarter. Stephens Inc. AR bought a new stake in shares of Arhaus in the 4th quarter worth approximately $109,000. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $131,000. Finally, Total Clarity Wealth Management Inc. bought a new position in Arhaus during the 4th quarter valued at approximately $140,000. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

ARHS has been the topic of a number of recent research reports. Loop Capital started coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Piper Sandler downgraded shares of 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. Stifel Nicolaus cut their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Arhaus presently has a consensus rating of “Hold” and a consensus price target of $11.59.

Arhaus Trading Up 2.2 %

Shares of NASDAQ:ARHS opened at $8.85 on Friday. Arhaus, Inc. has a 52-week low of $8.30 and a 52-week high of $19.81. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 11.57 and a beta of 2.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock’s 50-day simple moving average is $11.11 and its two-hundred day simple moving average is $10.64.

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.