Rafferty Asset Management LLC Has $146,000 Stock Position in 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, Holdings Channel reports. The institutional investor owned 15,513 shares of the company’s stock after purchasing an additional 3,410 shares during the period. Rafferty Asset Management LLC’s holdings in Arhaus were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARHS. Daymark Wealth Partners LLC raised its stake in Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after buying an additional 1,000 shares during the period. SG Americas Securities LLC raised its stake in shares of Arhaus by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock worth $217,000 after purchasing an additional 6,773 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Arhaus in the fourth quarter worth approximately $140,000. Yorktown Management & Research Co Inc raised its stake in shares of Arhaus by 105.5% in the fourth quarter. Yorktown Management & Research Co Inc now owns 28,250 shares of the company’s stock worth $266,000 after purchasing an additional 14,500 shares during the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Arhaus in the fourth quarter worth approximately $109,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARHS has been the subject of several analyst reports. Baird R W downgraded Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Stifel Nicolaus lowered their price objective on Arhaus from $11.50 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Piper Sandler lowered their price objective on Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Wall Street Zen downgraded Arhaus from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Loop Capital lowered their price objective on Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Arhaus Stock Performance

Shares of ARHS opened at $8.17 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 11.57 and a beta of 2.65. The stock has a 50 day moving average of $8.31 and a 200 day moving average of $9.75. Arhaus, Inc. has a 12 month low of $6.61 and a 12 month high of $19.81.

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

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.