ProShare Advisors LLC Buys New Shares in Arhaus, Inc. (NASDAQ:ARHS)

ProShare Advisors LLC purchased a new position in shares of Arhaus, Inc. (NASDAQ:ARHS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,430 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock valued at $23,480,000 after acquiring an additional 2,672,239 shares during the last quarter. Barclays PLC boosted its holdings in Arhaus by 108.6% in the fourth quarter. Barclays PLC now owns 110,447 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,391,342 shares during the last quarter. Long Focus Capital Management LLC purchased a new stake in Arhaus in the fourth quarter valued at $10,575,000. Jane Street Group LLC grew its position in Arhaus by 808.3% during the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company’s stock worth $8,457,000 after purchasing an additional 1,026,710 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Arhaus by 944.2% during the 4th quarter. Signaturefd LLC now owns 1,125,059 shares of the company’s stock valued at $10,576,000 after buying an additional 1,017,316 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler lowered their target price on Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Robert W. Baird downgraded Arhaus from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $13.00 to $8.50 in a report on Monday, April 7th. Wall Street Zen cut shares of Arhaus from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Loop Capital decreased their target price on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Finally, Baird R W downgraded shares of Arhaus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.50.

Arhaus Trading Down 4.9%

Shares of Arhaus stock opened at $8.54 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $19.81. The firm has a market capitalization of $1.20 billion, a PE ratio of 15.25, a P/E/G ratio of 11.57 and a beta of 2.65. The firm’s 50-day moving average price is $8.22 and its 200 day moving average price is $9.72.

Arhaus (NASDAQ:ARHS) last announced its 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). The firm had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. On average, sell-side analysts predict that Arhaus, Inc. will post 0.46 EPS for the current fiscal 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.