Long Focus Capital Management LLC Takes $10.58 Million Position in Arhaus, Inc. (NASDAQ:ARHS)

Long Focus Capital Management LLC acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,125,000 shares of the company's stock, valued at approximately $10,575,000. Long Focus Capital Management LLC owned about 0.80% of Arhaus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARHS. Stifel Financial Corp grew its holdings in shares of Arhaus by 61.0% during the fourth quarter. Stifel Financial Corp now owns 75,927 shares of the company's stock valued at $714,000 after purchasing an additional 28,761 shares during the last quarter. MetLife Investment Management LLC boosted its position in Arhaus by 17.5% during the 4th quarter. MetLife Investment Management LLC now owns 35,221 shares of the company's stock valued at $331,000 after purchasing an additional 5,243 shares during the period. Natixis bought a new position in Arhaus during the 4th quarter worth $153,000. Dimensional Fund Advisors LP increased its position in Arhaus by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,362 shares of the company's stock worth $7,937,000 after buying an additional 20,457 shares during the period. Finally, 1492 Capital Management LLC acquired a new stake in Arhaus in the fourth quarter worth $923,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Stock Up 6.1 %

ARHS opened at $7.99 on Wednesday. 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 $1.12 billion, a PE ratio of 14.27, a P/E/G ratio of 11.57 and a beta of 2.64. The stock's fifty day moving average is $9.22 and its 200-day moving average is $9.93. Arhaus, Inc. has a one year low of $6.61 and a one year high of $19.81.

Wall Street Analyst Weigh In

ARHS has been the subject of several recent research reports. Loop Capital assumed coverage on shares of Arhaus in a research report on Friday, January 24th. They set a "hold" rating and a $12.00 price target for the company. Telsey Advisory Group restated an "outperform" rating and issued a $11.00 target price on shares of Arhaus in a research report on Wednesday, February 26th. Jefferies Financial Group lifted their price target on Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. Piper Sandler lowered Arhaus from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Finally, Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of "Hold" and an average target price of $11.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.