Nuveen Asset Management LLC Cuts Stock Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Nuveen Asset Management LLC trimmed its position in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 86.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,953 shares of the company's stock after selling 826,426 shares during the period. Nuveen Asset Management LLC owned about 0.10% of Arhaus worth $1,269,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Arhaus in the 4th quarter valued at $58,000. KLP Kapitalforvaltning AS purchased a new stake in Arhaus in the fourth quarter valued at approximately $69,000. AlphaQuest LLC lifted its stake in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after acquiring an additional 5,786 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Arhaus in the fourth quarter valued at approximately $99,000. Finally, Stephens Inc. AR purchased a new position in Arhaus in the 4th quarter valued at approximately $109,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Price Performance

Arhaus stock traded down $0.18 during midday trading on Friday, reaching $8.76. 1,217,069 shares of the company were exchanged, compared to its average volume of 1,636,368. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 11.57 and a beta of 2.63. The firm's 50-day simple moving average is $8.21 and its 200-day simple moving average is $9.70. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $314.76 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Arhaus, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

ARHS has been the subject of a number of analyst reports. 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 report on Friday, May 9th. Wall Street Zen downgraded shares of Arhaus from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Guggenheim decreased their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 9th. Telsey Advisory Group restated a "market perform" rating and issued a $10.00 price target on shares of Arhaus in a research note on Thursday, May 15th. 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Arhaus has a consensus rating of "Hold" and an average target price of $10.50.

Arhaus Company 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.