CenterBook Partners LP Has $11.23 Million Stock Holdings in Arhaus, Inc. $ARHS

CenterBook Partners LP lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 207.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,367 shares of the company’s stock after acquiring an additional 713,324 shares during the quarter. CenterBook Partners LP owned approximately 0.75% of Arhaus worth $11,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in Arhaus during the 3rd quarter worth approximately $28,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Arhaus during the third quarter worth $49,000. AlphaQuest LLC raised its stake in Arhaus by 68.2% during the third quarter. AlphaQuest LLC now owns 4,741 shares of the company’s stock worth $50,000 after buying an additional 1,922 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Arhaus by 224.9% during the second quarter. Tower Research Capital LLC TRC now owns 7,391 shares of the company’s stock worth $64,000 after buying an additional 5,116 shares during the last quarter. Finally, Bryce Point Capital LLC acquired a new position in Arhaus in the third quarter valued at $107,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARHS has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Arhaus from $10.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $12.00 target price on shares of Arhaus in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Arhaus in a report on Monday, December 29th. Zacks Research cut Arhaus from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Wall Street Zen downgraded shares of Arhaus from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.19.

Arhaus Trading Down 2.8%

Shares of Arhaus stock opened at $8.99 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.64 and a current ratio of 1.34. Arhaus, Inc. has a 52 week low of $6.61 and a 52 week high of $12.98. The stock has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $10.71. The stock has a market capitalization of $1.27 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 4.78 and a beta of 2.51.

About Arhaus

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.