27,050 Shares in Arhaus, Inc. (NASDAQ:ARHS) Bought by WD Rutherford LLC

WD Rutherford LLC purchased a new position in Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, Holdings Channel reports. The firm purchased 27,050 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after purchasing an additional 636,691 shares during the period. LMR Partners LLP acquired a new position in shares of Arhaus in the third quarter valued at $4,308,000. Finally, Harbor Capital Advisors Inc. lifted its position in Arhaus by 147.0% in the third quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock worth $4,675,000 after purchasing an additional 226,017 shares during the period. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Jefferies Financial Group increased their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Barclays dropped their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Price Performance

Arhaus stock opened at $12.60 on Friday. The business’s fifty day moving average is $10.95 and its two-hundred day moving average is $10.98. 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 cap of $1.77 billion, a P/E ratio of 22.50, a P/E/G ratio of 13.29 and a beta of 2.63. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81.

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.