Arhaus, Inc. (NASDAQ:ARHS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,584,443 shares of the company’s stock after purchasing an additional 120,582 shares during the quarter. Bank of New York Mellon Corp owned 1.13% of Arhaus worth $14,894,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wrapmanager Inc. acquired a new stake in Arhaus in the 4th quarter valued at about $177,000. Acuitas Investments LLC increased its stake in shares of Arhaus by 56.0% during the fourth quarter. Acuitas Investments LLC now owns 355,871 shares of the company’s stock worth $3,345,000 after buying an additional 127,700 shares during the period. Principal Financial Group Inc. raised its holdings in Arhaus by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 73,557 shares of the company’s stock valued at $691,000 after acquiring an additional 7,468 shares in the last quarter. WD Rutherford LLC purchased a new position in Arhaus in the fourth quarter worth approximately $254,000. Finally, Rhumbline Advisers grew its holdings in Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ARHS shares. Loop Capital initiated coverage on shares of Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective on the stock. Jefferies Financial Group raised their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Piper Sandler downgraded Arhaus from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Stifel Nicolaus dropped their price objective on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Robert W. Baird raised their target price on Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.59.

Arhaus Trading Down 1.6 %

ARHS opened at $8.80 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 52 week low of $8.30 and a 52 week high of $19.81. The business’s 50 day moving average is $11.14 and its two-hundred day moving average is $10.71. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68.

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.