Sequoia Financial Advisors LLC Lowers Position in Arhaus, Inc. (NASDAQ:ARHS)

Sequoia Financial Advisors LLC decreased its stake in Arhaus, Inc. (NASDAQ:ARHS) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,070 shares of the company’s stock after selling 1,921 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Arhaus were worth $1,053,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP grew its stake in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after acquiring an additional 2,536,075 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Arhaus by 107.0% during 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 period. LMR Partners LLP purchased a new position in shares of Arhaus during the 3rd quarter valued at $4,308,000. Finally, Harbor Capital Advisors Inc. increased its stake in Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock worth $5,051,000 after buying an additional 157,515 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Arhaus from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Loop Capital began coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target for the company. Piper Sandler cut shares of Arhaus from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $12.00 in a research report on Thursday, February 27th. Jefferies Financial Group upped their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus reduced their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.59.

Arhaus Stock Performance

NASDAQ ARHS opened at $8.85 on Friday. The business’s 50 day moving average price is $11.11 and its 200-day moving average price is $10.64. Arhaus, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The company has a market cap of $1.24 billion, a P/E ratio of 15.80, a P/E/G ratio of 11.57 and a beta of 2.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

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.