Wrapmanager Inc. Invests $177,000 in Arhaus, Inc. (NASDAQ:ARHS)

Wrapmanager Inc. purchased a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,795 shares of the company’s stock, valued at approximately $177,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP increased its stake in Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after purchasing an additional 2,536,075 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after buying an additional 1,859,398 shares during the period. Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after buying an additional 32,077 shares during the period. Wellington Management Group LLP grew 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 valued at $15,160,000 after buying an additional 636,691 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after acquiring an additional 134,312 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARHS has been the subject of a number of research reports. Wedbush decreased their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Stifel Nicolaus upped their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Loop Capital started coverage on Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Price Performance

Shares of ARHS opened at $11.91 on Wednesday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. The stock’s fifty day moving average is $11.16 and its 200-day moving average is $10.88. Arhaus, Inc. has a one year low of $8.30 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

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.