Charles Schwab Investment Management Inc. Buys 12,724 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Charles Schwab Investment Management Inc. boosted its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 439,299 shares of the company’s stock after purchasing an additional 12,724 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Arhaus were worth $4,129,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Arhaus by 8.2% during the fourth 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 period. Wrapmanager Inc. purchased a new stake in shares of Arhaus during the fourth quarter valued at $177,000. Acuitas Investments LLC lifted its position in Arhaus by 56.0% during the fourth quarter. Acuitas Investments LLC now owns 355,871 shares of the company’s stock valued at $3,345,000 after purchasing an additional 127,700 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Arhaus by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 73,557 shares of the company’s stock worth $691,000 after acquiring an additional 7,468 shares during the period. Finally, WD Rutherford LLC bought a new position in shares of Arhaus in the 4th quarter worth approximately $254,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on ARHS shares. Jefferies Financial Group upped their price target on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Piper Sandler lowered Arhaus from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Robert W. Baird raised their price objective on shares of Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Hold” and an average price target of $11.59.

Arhaus Stock Down 0.2 %

Shares of ARHS stock opened at $9.45 on Thursday. Arhaus, Inc. has a 1-year low of $8.30 and a 1-year high of $19.81. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 11.57 and a beta of 2.68. 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’s fifty day moving average price is $11.00 and its 200 day moving average price is $10.51.

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.