EMG Holdings L.P. Grows Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

EMG Holdings L.P. boosted its position in Arhaus, Inc. (NASDAQ:ARHS) by 489.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 294,719 shares of the company’s stock after buying an additional 244,719 shares during the period. Arhaus makes up approximately 1.6% of EMG Holdings L.P.’s portfolio, making the stock its 12th largest holding. EMG Holdings L.P.’s holdings in Arhaus were worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ARHS. Quantbot Technologies LP purchased a new stake in shares of Arhaus in the third quarter valued at about $43,000. KLP Kapitalforvaltning AS acquired a new stake in Arhaus in the fourth quarter valued at about $69,000. AlphaQuest LLC boosted its holdings in Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after purchasing an additional 5,786 shares in the last quarter. Stephens Inc. AR purchased a new stake in Arhaus in the 4th quarter valued at approximately $109,000. Finally, Intech Investment Management LLC acquired a new position in Arhaus during the 3rd quarter worth approximately $131,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Down 1.0 %

ARHS stock opened at $8.61 on Wednesday. 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 company’s 50 day simple moving average is $10.80 and its 200-day simple moving average is $10.46. Arhaus, Inc. has a 12 month low of $8.22 and a 12 month high of $19.81. The firm has a market capitalization of $1.21 billion, a PE ratio of 15.38, a P/E/G ratio of 11.57 and a beta of 2.68.

Wall Street Analysts Forecast Growth

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

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.