Marshall Wace LLP Has $286,000 Holdings in Arhaus, Inc. (NASDAQ:ARHS)

Marshall Wace LLP cut its position in shares of Arhaus, Inc. (NASDAQ:ARHS) by 97.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,900 shares of the company’s stock after selling 567,112 shares during the quarter. Marshall Wace LLP’s holdings in Arhaus were worth $286,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in shares of Arhaus by 147.1% during the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after buying an additional 5,233,776 shares during the last quarter. American Century Companies Inc. grew its stake in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after acquiring an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Arhaus in the 2nd quarter worth approximately $21,034,000. Price T Rowe Associates Inc. MD purchased a new position in Arhaus in the 1st quarter worth approximately $8,326,000. Finally, Silvercrest Asset Management Group LLC purchased a new position in Arhaus in the 1st quarter worth approximately $8,301,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Performance

Shares of NASDAQ ARHS opened at $10.52 on Friday. The firm’s 50-day moving average price is $11.97 and its 200-day moving average price is $14.62. Arhaus, Inc. has a 52-week low of $7.56 and a 52-week high of $19.81. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.48 billion, a PE ratio of 13.84, a PEG ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts anticipate that Arhaus, Inc. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

ARHS has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Craig Hallum lowered their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America decreased their price objective on shares of Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday. Finally, Wedbush started coverage on shares of Arhaus in a research report on Friday. They issued a “neutral” rating and a $11.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $14.09.

Insiders Place Their Bets

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.52% of the stock is owned by company insiders.

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.