Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust decreased its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 903,684 shares of the company’s stock after selling 209,645 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Arhaus were worth $8,495,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ARHS. Geode Capital Management LLC boosted its position in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after acquiring an additional 134,312 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Arhaus in the third quarter valued at $814,000. JPMorgan Chase & Co. lifted its stake in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after buying an additional 1,859,398 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Arhaus by 41.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock worth $5,051,000 after purchasing an additional 157,515 shares during the last quarter. Finally, Carnegie Investment Counsel grew its holdings in shares of Arhaus by 12.8% during the fourth quarter. Carnegie Investment Counsel now owns 332,410 shares of the company’s stock worth $3,125,000 after buying an additional 37,670 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Loop Capital started coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $12.00 in a research note on Thursday, February 27th. Baird R W downgraded shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Finally, Jefferies Financial Group upped their price target on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Arhaus has an average rating of “Hold” and a consensus target price of $11.18.

Arhaus Price Performance

Shares of ARHS opened at $8.28 on Tuesday. The business’s 50-day moving average is $8.86 and its 200-day moving average is $9.86. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.79, a P/E/G 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. 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 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.