Nuveen Asset Management LLC Has $1.27 Million Stock Position in Arhaus, Inc. (NASDAQ:ARHS)

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Meros Investment Management LP lifted its position in shares of Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company's stock worth $5,458,000 after buying an additional 81,353 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Arhaus during the 4th quarter worth $3,563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Arhaus by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock worth $274,000 after buying an additional 984 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Arhaus by 7.2% during the 4th quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock worth $446,000 after buying an additional 3,185 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in Arhaus in the fourth quarter valued at about $1,340,000. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Loop Capital dropped their target price on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Piper Sandler dropped their target price on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded Arhaus from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Stifel Nicolaus dropped their target price on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $10.50.

Arhaus Trading Down 2.0%

Shares of ARHS stock traded down $0.18 on Friday, hitting $8.76. The company had a trading volume of 1,217,069 shares, compared to its average volume of 1,637,394. The firm has a market cap of $1.23 billion, a P/E ratio of 15.64, a P/E/G ratio of 11.57 and a beta of 2.63. The stock's 50-day moving average is $8.22 and its two-hundred day moving average is $9.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus, Inc. has a twelve month low of $6.61 and a twelve month high of $19.80.

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). The company had revenue of $311.37 million during 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%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. On average, equities research analysts anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

Arhaus 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.