Lightrock Netherlands B.V. Buys New Shares in Arhaus, Inc. (NASDAQ:ARHS)

Lightrock Netherlands B.V. bought a new position in Arhaus, Inc. (NASDAQ:ARHS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 114,969 shares of the company’s stock, valued at approximately $1,086,000. Lightrock Netherlands B.V. owned about 0.08% of Arhaus at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARHS. Wasatch Advisors LP raised its stake in shares of Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after purchasing an additional 2,536,075 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after buying an additional 1,859,398 shares during the period. Wellington Management Group LLP raised its position 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 last quarter. Hunter Perkins Capital Management LLC acquired a new stake in Arhaus during the 3rd quarter valued at approximately $4,943,000. Finally, LMR Partners LLP purchased a new stake in shares of Arhaus in the 3rd quarter valued at $4,308,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARHS. Wedbush reduced their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. 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. Loop Capital assumed coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, January 10th. Finally, Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Stock Up 5.5 %

Arhaus stock opened at $12.86 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a market capitalization of $1.81 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 13.29 and a beta of 2.63. The business has a 50 day simple moving average of $10.81 and a 200-day simple moving average of $11.03. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81.

Arhaus 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.