Soros Capital Management LLC Purchases 3,358 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Soros Capital Management LLC increased its position in Arhaus, Inc. (NASDAQ:ARHS) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,857 shares of the company’s stock after buying an additional 3,358 shares during the quarter. Soros Capital Management LLC’s holdings in Arhaus were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ARHS. Vanguard Group Inc. lifted its holdings in shares of Arhaus by 11.8% in the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after acquiring an additional 463,749 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Arhaus in the first quarter worth $8,326,000. Bayesian Capital Management LP purchased a new stake in Arhaus during the first quarter valued at about $290,000. Janus Henderson Group PLC boosted its position in Arhaus by 188.1% during the first quarter. Janus Henderson Group PLC now owns 44,774 shares of the company’s stock valued at $688,000 after buying an additional 29,231 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Arhaus by 66.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 98,858 shares of the company’s stock valued at $1,521,000 after buying an additional 39,626 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ARHS shares. Robert W. Baird lowered their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Barclays cut their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Trading Down 6.4 %

NASDAQ:ARHS opened at $9.99 on Wednesday. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. 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 50-day moving average price of $10.26 and a 200-day moving average price of $13.48. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 14.00 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter last year, the business earned $0.14 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts predict that Arhaus, Inc. will post 0.42 EPS for the current year.

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.