American Century Companies Inc. Sells 883,839 Shares of Arhaus, Inc. (NASDAQ:ARHS)

American Century Companies Inc. lessened its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 46.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,005,911 shares of the company’s stock after selling 883,839 shares during the quarter. American Century Companies Inc. owned about 0.72% of Arhaus worth $9,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP bought a new position in Arhaus in the 3rd quarter valued at about $43,000. AlphaQuest LLC increased its stake in shares of Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock worth $83,000 after purchasing an additional 5,786 shares during the period. Stephens Inc. AR acquired a new stake in Arhaus during the 4th quarter worth approximately $109,000. Intech Investment Management LLC bought a new stake in Arhaus in the 3rd quarter valued at $131,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Arhaus in the 4th quarter valued at $140,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

Arhaus stock opened at $8.82 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a 52 week low of $8.22 and a 52 week high of $19.81. The stock has a market capitalization of $1.24 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $10.42.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARHS. Loop Capital began coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Jefferies Financial Group lifted their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Wednesday, February 26th. Finally, Piper Sandler downgraded Arhaus from an “overweight” rating to a “neutral” rating and cut their target price for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Arhaus currently has a consensus rating of “Hold” and a consensus price target 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.