Emerald Advisers LLC Purchases 256,887 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Emerald Advisers LLC lifted its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,628,454 shares of the company’s stock after purchasing an additional 256,887 shares during the period. Emerald Advisers LLC owned 1.16% of Arhaus worth $15,307,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Arhaus by 12.5% during the third 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. Principal Financial Group Inc. bought a new position in shares of Arhaus during the third quarter valued at about $814,000. Dynamic Technology Lab Private Ltd bought a new stake in Arhaus in the third quarter worth about $802,000. JPMorgan Chase & Co. raised its position in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after acquiring an additional 1,859,398 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Arhaus by 19.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company’s stock worth $5,251,000 after acquiring an additional 69,853 shares during the period. 27.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ARHS. Robert W. Baird lifted their price objective on shares of Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Piper Sandler lowered shares of Arhaus from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Loop Capital began coverage on shares of Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group lifted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arhaus presently has a consensus rating of “Hold” and a consensus target price of $11.59.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $9.32 on Friday. The company has a 50 day moving average of $11.05 and a 200 day moving average of $10.54. The stock has a market cap of $1.31 billion, a P/E ratio of 16.64, a P/E/G ratio of 11.57 and a beta of 2.68. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

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.