XTX Topco Ltd Purchases New Stake in Arhaus, Inc. (NASDAQ:ARHS)

XTX Topco Ltd acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,191 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds also recently made changes to their positions in ARHS. Vanguard Group Inc. lifted its stake in Arhaus by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arhaus by 32.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock valued at $24,348,000 after buying an additional 627,952 shares during the period. Emerald Advisers LLC grew its position in shares of Arhaus by 18.7% during the 4th 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 last quarter. Bank of New York Mellon Corp grew its position in shares of Arhaus by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,584,443 shares of the company’s stock valued at $14,894,000 after buying an additional 120,582 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Arhaus by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,400,356 shares of the company’s stock worth $13,163,000 after acquiring an additional 168,800 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ARHS shares. Loop Capital initiated coverage on Arhaus in a report on Friday, January 24th. They set a “hold” rating and a $12.00 target price for the company. Stifel Nicolaus dropped their target price on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $12.00 in a report on Thursday, February 27th. Baird R W cut shares of Arhaus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.18.

Arhaus Price Performance

NASDAQ:ARHS opened at $8.32 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. The business’s 50-day moving average price is $9.04 and its 200 day moving average price is $9.90. Arhaus, Inc. has a 52-week low of $6.61 and a 52-week high of $19.81. The firm has a market cap of $1.17 billion, a P/E ratio of 14.86, a PEG ratio of 11.57 and a beta of 2.64.

Arhaus Company 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.