EMG Holdings L.P. Boosts Holdings in Arhaus, Inc. (NASDAQ:ARHS)

EMG Holdings L.P. increased its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 489.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,719 shares of the company’s stock after buying an additional 244,719 shares during the period. Arhaus comprises 1.6% of EMG Holdings L.P.’s investment portfolio, making the stock its 12th largest holding. EMG Holdings L.P. owned approximately 0.21% of Arhaus worth $2,770,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Arhaus in the 3rd quarter valued at about $43,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Arhaus during the fourth quarter worth approximately $69,000. AlphaQuest LLC lifted its stake in Arhaus by 190.2% in the fourth 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 last quarter. Intech Investment Management LLC acquired a new position in Arhaus during the 3rd quarter worth approximately $131,000. Finally, Stephens Inc. AR purchased a new stake in shares of Arhaus in the 4th quarter valued at approximately $109,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on Arhaus from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 3rd. Loop Capital started coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 target price on the stock. Jefferies Financial Group upped their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Stock Down 1.0 %

Shares of NASDAQ:ARHS opened at $8.61 on Wednesday. Arhaus, Inc. has a 1-year low of $8.22 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a market cap of $1.21 billion, a P/E ratio of 15.38, a P/E/G ratio of 11.57 and a beta of 2.68. The firm has a fifty day moving average price of $10.80 and a 200 day moving average price of $10.46.

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.