Y Intercept Hong Kong Ltd bought a new position in Arhaus, Inc. (NASDAQ:ARHS – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,200 shares of the company’s stock, valued at approximately $236,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Arhaus by 107.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after acquiring an additional 636,691 shares during the last quarter. State Street Corp lifted its position in shares of Arhaus by 14.5% in the third quarter. State Street Corp now owns 930,023 shares of the company’s stock worth $11,449,000 after buying an additional 117,422 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after buying an additional 3,529 shares during the last quarter. Wasatch Advisors LP grew its holdings in Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after buying an additional 2,536,075 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in Arhaus by 24.8% in the 3rd quarter. Verition Fund Management LLC now owns 166,681 shares of the company’s stock worth $2,052,000 after acquiring an additional 33,108 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.
Arhaus Price Performance
ARHS opened at $9.39 on Thursday. 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 business has a fifty day moving average of $9.75 and a 200 day moving average of $12.76. Arhaus, Inc. has a 52-week low of $8.30 and a 52-week high of $19.81. The stock has a market cap of $1.32 billion, a P/E ratio of 16.77, a PEG ratio of 14.78 and a beta of 2.58.
Analysts Set New Price Targets
ARHS has been the subject of a number of research reports. Barclays lowered their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.
Check Out Our Latest Analysis on Arhaus
Arhaus 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.
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