Landscape Capital Management L.L.C. Buys Shares of 326,226 Arhaus, Inc. (NASDAQ:ARHS)

Landscape Capital Management L.L.C. purchased a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 326,226 shares of the company’s stock, valued at approximately $3,067,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Arhaus by 1,808.2% during the 3rd 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 in the last quarter. Signaturefd LLC lifted its position in shares of Arhaus by 944.2% in the 4th quarter. Signaturefd LLC now owns 1,125,059 shares of the company’s stock worth $10,576,000 after purchasing an additional 1,017,316 shares during the period. Wellington Management Group LLP boosted its stake in shares of Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after purchasing an additional 636,691 shares in the last quarter. Emerald Advisers LLC increased its holdings in Arhaus by 18.7% during the fourth quarter. Emerald Advisers LLC now owns 1,628,454 shares of the company’s stock valued at $15,307,000 after buying an additional 256,887 shares during the period. Finally, EMG Holdings L.P. raised its stake in Arhaus by 489.4% in the fourth quarter. EMG Holdings L.P. now owns 294,719 shares of the company’s stock worth $2,770,000 after buying an additional 244,719 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ARHS shares. Robert W. Baird increased their target price on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Loop Capital started 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. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.59.

Arhaus Stock Down 20.0 %

ARHS stock opened at $7.06 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a 52 week low of $7.02 and a 52 week high of $19.81. The stock has a market capitalization of $992.50 million, a PE ratio of 12.61, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. The firm has a 50 day moving average of $10.57 and a 200 day moving average of $10.40.

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.