Intech Investment Management LLC Boosts Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

Intech Investment Management LLC grew its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS) by 55.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,598 shares of the company’s stock after buying an additional 5,925 shares during the quarter. Intech Investment Management LLC’s holdings in Arhaus were worth $156,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Daymark Wealth Partners LLC raised its holdings in Arhaus by 2.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after acquiring an additional 1,000 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Arhaus by 1.8% in the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after purchasing an additional 1,231 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Arhaus by 5.8% during the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares during the last quarter. Janus Henderson Group PLC grew its stake in Arhaus by 8.7% in the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after purchasing an additional 3,529 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Arhaus in the third quarter valued at about $43,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $9.38 on Friday. The firm’s 50 day moving average is $10.92 and its two-hundred day moving average is $10.50. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.75, a PEG ratio of 11.57 and a beta of 2.68. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARHS. Telsey Advisory Group reiterated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. 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. Loop Capital assumed coverage on shares of Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Robert W. Baird lifted their price target on shares of Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price objective on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.59.

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.