Arhaus, Inc. (NASDAQ:ARHS) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lessened its stake in Arhaus, Inc. (NASDAQ:ARHS) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 115,006 shares of the company’s stock after selling 900 shares during the period. Jessup Wealth Management Inc owned about 0.08% of Arhaus worth $1,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARHS. Wasatch Advisors LP grew its position in Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after acquiring an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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. Wellington Management Group LLP increased its stake in 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 period. LMR Partners LLP purchased a new stake in shares of Arhaus during the third quarter worth $4,308,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Arhaus by 147.0% in the third quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company’s stock valued at $4,675,000 after acquiring an additional 226,017 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research note on Friday, January 10th. Loop Capital started coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 target price on the stock. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective 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. Finally, Stifel Nicolaus raised their price objective on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Trading Down 2.1 %

NASDAQ ARHS opened at $12.52 on Thursday. The firm’s fifty day moving average price is $11.04 and its 200 day moving average price is $10.94. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 12.90 and a beta of 2.63. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

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.