Divisadero Street Capital Management LP Buys New Stake in Arhaus, Inc. (NASDAQ:ARHS)

Divisadero Street Capital Management LP purchased a new position in Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 142,556 shares of the company’s stock, valued at approximately $1,340,000.

A number of other large investors have also made changes to their positions in ARHS. Daymark Wealth Partners LLC boosted its position in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers boosted its holdings in Arhaus by 1.8% in the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after acquiring an additional 1,231 shares in the last quarter. Legal & General Group Plc boosted its holdings in Arhaus by 4.3% in the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after acquiring an additional 1,531 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Arhaus by 23.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,464 shares of the company’s stock worth $193,000 after acquiring an additional 3,868 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Arhaus by 17.5% during the fourth quarter. MetLife Investment Management LLC now owns 35,221 shares of the company’s stock valued at $331,000 after acquiring an additional 5,243 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Up 0.7 %

ARHS stock opened at $8.12 on Wednesday. The firm’s fifty day moving average is $8.48 and its 200 day moving average is $9.79. The firm has a market cap of $1.14 billion, a PE ratio of 14.50, a P/E/G ratio of 11.57 and a beta of 2.65. Arhaus, Inc. has a one year low of $6.61 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARHS. Stifel Nicolaus dropped their target price 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. Loop Capital began coverage on Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price on the stock. Piper Sandler lowered their price target on Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. Baird R W downgraded Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Finally, Jefferies Financial Group raised their price objective on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.91.

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.