Rafferty Asset Management LLC Purchases 3,410 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Rafferty Asset Management LLC increased its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 28.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,513 shares of the company’s stock after acquiring an additional 3,410 shares during the period. Rafferty Asset Management LLC’s holdings in Arhaus were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARHS. BNP Paribas Financial Markets bought a new stake in Arhaus during the 4th quarter worth $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of Arhaus in the 4th quarter valued at about $69,000. AlphaQuest LLC grew its position in shares of 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 buying an additional 5,786 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Arhaus in the 4th quarter valued at about $99,000. Finally, Stephens Inc. AR bought a new stake in shares of Arhaus in the 4th quarter valued at about $109,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Down 0.5%

Shares of Arhaus stock opened at $8.17 on Friday. Arhaus, Inc. has a one year low of $6.61 and a one year 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’s 50-day moving average is $8.31 and its 200 day moving average is $9.75. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 11.57 and a beta of 2.65.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. During the same period last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

ARHS has been the topic of a number of analyst reports. Guggenheim reduced their price target on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wall Street Zen lowered Arhaus from a “hold” rating to a “sell” rating in a research report on Thursday. Stifel Nicolaus reduced their price target on Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Robert W. Baird lowered Arhaus from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $8.50 in a research report on Monday, April 7th. Finally, Loop Capital reduced their price target on Arhaus from $12.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.50.

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.