Emerald Mutual Fund Advisers Trust Sells 209,645 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Emerald Mutual Fund Advisers Trust cut its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903,684 shares of the company's stock after selling 209,645 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.64% of Arhaus worth $8,495,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Arhaus in the fourth quarter valued at approximately $69,000. AlphaQuest LLC grew its position in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after acquiring an additional 5,786 shares during the period. Stephens Inc. AR acquired a new position in shares of Arhaus during the 4th quarter worth about $109,000. Mariner LLC bought a new stake in shares of Arhaus in the 4th quarter valued at about $120,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in Arhaus in the 4th quarter valued at about $140,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Price Performance

NASDAQ ARHS traded up $0.18 on Friday, hitting $8.22. 681,405 shares of the company's stock were exchanged, compared to its average volume of 1,576,946. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $9.81. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 11.57 and a beta of 2.64. Arhaus, Inc. has a 52 week low of $6.61 and a 52 week high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

ARHS has been the subject of a number of research analyst reports. Telsey Advisory Group reduced their price objective on shares of Arhaus from $11.00 to $10.00 and set a "market perform" rating for the company in a research report on Tuesday. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $13.00 to $8.50 in a report on Monday, April 7th. Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Piper Sandler lowered Arhaus from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Finally, Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They issued a "hold" rating and a $12.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $11.09.

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.