6 days Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in Arhaus, Inc. (NASDAQ:ARHS – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,300 shares of the company’s stock, valued at approximately $69,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Arhaus by 19.
6% during the third quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company’s stock worth $5,251,000 after purchasing an additional 69,853 shares in the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Arhaus by 20.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,215 shares of the company’s stock valued at $680,000 after buying an additional 9,248 shares during the last quarter.
Janus Henderson Group PLC boosted its holdings in Arhaus by 8.7% in the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after acquiring an additional 3,529 shares in the last quarter.
State Street Corp increased its holdings in shares of Arhaus by 14.5% during the third quarter. State Street Corp now owns 930,023 shares of the company’s stock valued at $11,449,000 after acquiring an additional 117,422 shares in the last quarter.
Finally, Wellington Management Group LLP raised its position in shares of Arhaus by 107.0% in the 3rd 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 during the last quarter.
Hedge funds and other institutional investors own 27.88% of the company’s stock. Arhaus Stock Down 1.
1 %Shares of ARHS stock opened at $7.90 on Friday. 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, Inc. has a twelve month low of $6.61 and a twelve month high of $19.
81. The stock has a 50 day moving average of $9.88 and a 200 day moving average of $10.
12. The stock has a market cap of $1.11 billion, a P/E ratio of 14.
11, a P/E/G ratio of 11.57 and a beta of 2.64.
Analysts Set New Price TargetsARHS has been the topic of several research analyst reports. 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. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th.
Piper Sandler cut Arhaus from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th.
Baird R W lowered Arhaus from a “strong-buy” rating to a “hold” rating in a report 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. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.
com, Arhaus currently has a consensus rating of “Hold” and an average target price of $11.18.Get Our Latest Stock Report on ArhausArhaus Company Profile (Free Report)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.See AlsoFive stocks we like better than ArhausUtilities Stocks Explained – How and Why to Invest in UtilitiesJPMorgan is a Buy, if You Can Handle The Volatility 3 Fintech Stocks With Good 2021 ProspectsUnited States Steel’s Crash: An Unmissable Buying OpportunityWhat is the S&P 500 and How It is Distinct from Other IndexesRocket Lab Stock: Weathering the Storm, Time for a Comeback?.
