Wrapmanager Inc. Makes New Investment in Arhaus, Inc. (NASDAQ:ARHS)

Wrapmanager Inc. purchased a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, HoldingsChannel reports. The fund purchased 18,795 shares of the company’s stock, valued at approximately $177,000.

Several other hedge funds also recently modified their holdings of ARHS. Acuitas Investments LLC boosted its stake in Arhaus by 56.0% during the fourth quarter. Acuitas Investments LLC now owns 355,871 shares of the company’s stock valued at $3,345,000 after buying an additional 127,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Arhaus by 11.3% in the 4th 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 during the last quarter. WD Rutherford LLC bought a new position in shares of Arhaus during the 4th quarter valued at about $254,000. Rhumbline Advisers boosted its position in shares of Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new position in shares of Arhaus in the 4th quarter worth approximately $1,086,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 initiated coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price objective for the company. Barclays reduced their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Stock Performance

Shares of Arhaus stock opened at $11.91 on Wednesday. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.67 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. The business has a fifty day simple moving average of $11.16 and a 200-day simple moving average of $10.88.

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.