Stephens Inc. AR Makes New $109,000 Investment in Arhaus, Inc. (NASDAQ:ARHS)

Stephens Inc. AR bought a new position in Arhaus, Inc. (NASDAQ:ARHS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,585 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Arhaus in the third quarter worth about $43,000. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $131,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Arhaus in the 4th quarter worth approximately $140,000. Olympiad Research LP bought a new position in shares of Arhaus during the third quarter valued at approximately $202,000. Finally, SG Americas Securities LLC increased its holdings in Arhaus by 41.4% during the fourth quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock valued at $217,000 after buying an additional 6,773 shares during the period. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.60 on Monday. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 13.29 and a beta of 2.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The business has a fifty day moving average of $10.95 and a 200 day moving average of $10.95.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARHS. Stifel Nicolaus upped their target price on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group upped their price objective on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Loop Capital started coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Finally, Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $12.18.

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.