Emerald Mutual Fund Advisers Trust Sells 209,645 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Emerald Mutual Fund Advisers Trust lowered its stake in Arhaus, Inc. (NASDAQ:ARHS) by 18.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 903,684 shares of the company’s stock after selling 209,645 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.64% of Arhaus worth $8,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Daymark Wealth Partners LLC increased its holdings in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after buying an additional 1,231 shares in the last quarter. Legal & General Group Plc raised its stake in Arhaus by 4.3% during the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after acquiring an additional 1,531 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Arhaus by 23.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,464 shares of the company’s stock valued at $193,000 after purchasing an additional 3,868 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Arhaus by 17.5% in the fourth quarter. MetLife Investment Management LLC now owns 35,221 shares of the company’s stock worth $331,000 after purchasing an additional 5,243 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $8.28 on Tuesday. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81. 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 has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 11.57 and a beta of 2.64. The firm’s 50 day simple moving average is $8.86 and its 200-day simple moving average is $9.86.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ARHS shares. Stifel Nicolaus reduced their target price on Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 3rd. 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. Jefferies Financial Group boosted 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. Loop Capital began coverage on shares of Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 target price on the stock. Finally, Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $8.50 in a research note on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.18.

Arhaus 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.