Arhaus, Inc. (NASDAQ:ARHS) Stock Holdings Increased by Acuitas Investments LLC

Acuitas Investments LLC boosted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 56.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,871 shares of the company’s stock after purchasing an additional 127,700 shares during the period. Arhaus comprises approximately 2.8% of Acuitas Investments LLC’s holdings, making the stock its 11th largest position. Acuitas Investments LLC owned approximately 0.25% of Arhaus worth $3,345,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ARHS. Sequoia Financial Advisors LLC increased its position in Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after purchasing an additional 5,577 shares during the last quarter. Signaturefd LLC grew its holdings in Arhaus by 507.6% during the third quarter. Signaturefd LLC now owns 107,743 shares of the company’s stock valued at $1,326,000 after purchasing an additional 90,010 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Arhaus by 147.0% in the third quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock valued at $4,675,000 after purchasing an additional 226,017 shares during the period. Emerald Advisers LLC lifted its stake in shares of Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after buying an additional 32,077 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in shares of Arhaus in the third quarter worth $202,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

Arhaus stock opened at $12.60 on Tuesday. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81. The firm has a market cap of $1.77 billion, a P/E ratio of 22.50, a P/E/G ratio of 13.29 and a beta of 2.63. 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 business’s fifty day moving average is $10.99 and its two-hundred day moving average is $10.94.

Wall Street Analyst Weigh In

ARHS has been the subject of a number of research analyst reports. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Loop Capital started coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Barclays reduced their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Stifel Nicolaus upped their target price on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.18.

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.