33,191 Shares in Arhaus, Inc. (NASDAQ:ARHS) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 33,191 shares of the company's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Arhaus during the fourth quarter worth $69,000. AlphaQuest LLC increased its position in shares of 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. Stephens Inc. AR acquired a new position in shares of Arhaus during the fourth quarter worth $109,000. Mariner LLC acquired a new position in shares of Arhaus during the fourth quarter worth $120,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of Arhaus during the fourth quarter worth $140,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Performance

NASDAQ:ARHS traded down $0.35 during mid-day trading on Wednesday, hitting $7.86. The company's stock had a trading volume of 1,503,769 shares, compared to its average volume of 1,577,287. The business's fifty day moving average is $8.71 and its two-hundred day moving average is $9.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $19.81. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 11.57 and a beta of 2.64.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price target on Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Telsey Advisory Group dropped their price objective on shares of Arhaus from $11.00 to $10.00 and set a "market perform" rating on the stock in a report on Tuesday. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. Finally, Loop Capital began coverage on shares of Arhaus in a report on Friday, January 24th. They set a "hold" rating and a $12.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.09.

Arhaus Company 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.