Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,060 shares of the company’s stock after selling 16,550 shares during the period. Alliancebernstein L.P.’s holdings in Arhaus were worth $348,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in Arhaus by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock worth $13,163,000 after acquiring an additional 168,800 shares during the period. JPMorgan Chase & Co. lifted its stake in Arhaus by 32.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock valued at $24,348,000 after buying an additional 627,952 shares in the last quarter. Emerald Advisers LLC boosted its holdings in Arhaus by 18.7% in the 4th quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock worth $15,307,000 after buying an additional 256,887 shares during the last quarter. Vanguard Group Inc. increased its stake in Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after buying an additional 50,250 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus in the fourth quarter valued at approximately $69,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Trading Down 5.3 %

Shares of Arhaus stock opened at $7.53 on Tuesday. The stock has a 50 day moving average of $9.31 and a 200 day moving average of $9.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 11.57 and a beta of 2.64. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $19.81.

Analysts Set New Price Targets

Several brokerages recently commented on ARHS. Loop Capital began coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price target for the company. Piper Sandler cut 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 report on Thursday, February 27th. Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Jefferies Financial Group increased 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, Stifel Nicolaus lowered their target price on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Arhaus has an average rating of “Hold” and an average price target of $11.18.

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.