Russell Investments Group Ltd. Has $605,000 Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Russell Investments Group Ltd. cut its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 83.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,350 shares of the company's stock after selling 335,416 shares during the quarter. Russell Investments Group Ltd.'s holdings in Arhaus were worth $605,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC lifted its stake 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 during the last quarter. Rhumbline Advisers lifted its stake 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 during the last quarter. AlphaQuest LLC lifted its stake 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 during the last quarter. Intech Investment Management LLC lifted its stake in Arhaus by 55.5% in the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock valued at $156,000 after buying an additional 5,925 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Arhaus by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 23,132 shares of the company's stock valued at $217,000 after buying an additional 6,773 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ARHS shares. Robert W. Baird downgraded shares of Arhaus from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research note on Friday, January 10th. Piper Sandler lowered shares of Arhaus from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Loop Capital initiated coverage on shares of Arhaus in a research note on Friday, January 24th. They set a "hold" rating and a $12.00 target price for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $11.00 target price on shares of Arhaus in a research note on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.18.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded up $0.07 during trading on Monday, reaching $8.28. The company had a trading volume of 1,201,788 shares, compared to its average volume of 1,575,682. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $19.81. The firm has a market capitalization of $1.16 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 11.57 and a beta of 2.64. The firm's fifty day moving average is $8.86 and its 200 day moving average is $9.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

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.