Charles Schwab Investment Management Inc. Acquires 12,724 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Charles Schwab Investment Management Inc. boosted its position in Arhaus, Inc. (NASDAQ:ARHS) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 439,299 shares of the company’s stock after buying an additional 12,724 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.31% of Arhaus worth $4,129,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ARHS. Wasatch Advisors LP increased its stake in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after purchasing an additional 2,536,075 shares during the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 1,859,398 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Arhaus by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock worth $14,894,000 after acquiring an additional 120,582 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after buying an additional 636,691 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Trading Down 0.2 %

NASDAQ:ARHS opened at $9.45 on Thursday. 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 company has a market cap of $1.33 billion, a P/E ratio of 16.88, a P/E/G ratio of 11.57 and a beta of 2.68. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81. The stock’s fifty day moving average price is $11.00 and its two-hundred day moving average price is $10.51.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARHS. Stifel Nicolaus reduced their price target on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Robert W. Baird raised their price target on shares of Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Finally, Loop Capital started coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.59.

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.