Mill Road Capital Management LLC Purchases New Shares in Arhaus, Inc. (NASDAQ:ARHS)

Mill Road Capital Management LLC purchased a new position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,200 shares of the company's stock, valued at approximately $453,000. Arhaus makes up 0.2% of Mill Road Capital Management LLC's holdings, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARHS. JPMorgan Chase & Co. increased its position in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after buying an additional 1,859,398 shares in the last quarter. Barclays PLC increased its position in Arhaus by 108.6% in the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after buying an additional 1,391,342 shares in the last quarter. Long Focus Capital Management LLC purchased a new stake in Arhaus in the fourth quarter worth about $10,575,000. Signaturefd LLC increased its position in Arhaus by 944.2% in the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after buying an additional 1,017,316 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in shares of Arhaus during the fourth quarter worth about $4,759,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Telsey Advisory Group cut their target price on 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 Arhaus from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Piper Sandler cut Arhaus from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Baird R W cut Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Arhaus presently has an average rating of "Hold" and an average target price of $11.09.

Arhaus Price Performance

Arhaus stock traded down $0.25 during mid-day trading on Tuesday, reaching $8.03. 198,806 shares of the company's stock traded hands, compared to its average volume of 2,025,624. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 11.57 and a beta of 2.64. The stock has a 50 day moving average of $8.86 and a two-hundred day moving average of $9.86. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81.

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.