Signaturefd LLC Has $10.58 Million Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Signaturefd LLC lifted its stake in Arhaus, Inc. (NASDAQ:ARHS) by 944.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,125,059 shares of the company’s stock after purchasing an additional 1,017,316 shares during the quarter. Signaturefd LLC’s holdings in Arhaus were worth $10,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Arhaus during the third quarter valued at about $43,000. AlphaQuest LLC raised its stake in Arhaus by 190.2% during 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 during the period. Stephens Inc. AR purchased a new stake in shares of Arhaus in the fourth quarter valued at $109,000. Intech Investment Management LLC acquired a new stake in shares of Arhaus in the third quarter worth $131,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Arhaus during the fourth quarter valued at $140,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Trading Up 2.2 %

Arhaus stock opened at $8.85 on Monday. Arhaus, Inc. has a one year low of $8.30 and a one year high of $19.81. The company’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $10.63. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.80, a PEG 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARHS. Jefferies Financial Group increased 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research report on Wednesday, February 26th. Piper Sandler downgraded shares of Arhaus from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $12.00 in a research report on Thursday, February 27th. Stifel Nicolaus lowered 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. Finally, Robert W. Baird increased their price objective on Arhaus from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Hold” and a consensus price target 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.