Capital Research Global Investors Reduces Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Capital Research Global Investors decreased its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 68.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,653,287 shares of the company's stock after selling 3,663,119 shares during the quarter. Capital Research Global Investors owned 1.18% of Arhaus worth $15,541,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC raised its holdings in Arhaus by 2.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock worth $404,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers raised its holdings in Arhaus by 1.8% during the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock worth $672,000 after purchasing an additional 1,231 shares in the last quarter. Legal & General Group Plc raised its holdings in Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after purchasing an additional 1,531 shares in the last quarter. AlphaQuest LLC raised its holdings in Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after purchasing an additional 5,786 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Arhaus by 55.5% during the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock worth $156,000 after purchasing an additional 5,925 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of research analyst reports. Jefferies Financial Group raised 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. Robert W. Baird cut shares of 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 report on Monday, April 7th. Stifel Nicolaus cut their target price 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. Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They issued a "hold" rating and a $12.00 target price on the stock. Finally, Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and cut their target price for the company from $15.00 to $12.00 in a report on Thursday, February 27th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $11.18.

Arhaus Trading Down 1.3 %

NASDAQ ARHS traded down $0.11 during mid-day trading on Friday, reaching $8.21. 1,225,332 shares of the stock were exchanged, compared to its average volume of 1,577,184. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $19.81. The business's fifty day simple moving average is $8.95 and its 200 day simple moving average is $9.88. The stock has a market capitalization of $1.15 billion, a PE ratio of 14.66, a PEG ratio of 11.57 and a beta of 2.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

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.