Marshall Wace LLP Buys Shares of 81,195 Arhaus, Inc. (NASDAQ:ARHS)

Marshall Wace LLP acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 81,195 shares of the company's stock, valued at approximately $763,000. Marshall Wace LLP owned about 0.06% of Arhaus at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARHS. JPMorgan Chase & Co. boosted its stake in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after buying an additional 1,859,398 shares during the last quarter. Barclays PLC lifted its holdings in Arhaus by 108.6% in the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock valued at $1,038,000 after acquiring an additional 1,391,342 shares during the period. Signaturefd LLC boosted its position in Arhaus by 944.2% in the fourth quarter. Signaturefd LLC now owns 1,125,059 shares of the company's stock worth $10,576,000 after purchasing an additional 1,017,316 shares during the last quarter. Granite Investment Partners LLC bought a new stake in shares of Arhaus during the 4th quarter valued at about $4,759,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Arhaus during the 4th quarter valued at about $3,067,000. 27.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ARHS shares. Stifel Nicolaus decreased their price objective on Arhaus from $14.00 to $11.50 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Telsey Advisory Group reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 29th. Loop Capital assumed coverage on shares of Arhaus in a report on Friday, January 24th. They set a "hold" rating and a $12.00 price target on the stock. Baird R W downgraded shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Piper Sandler cut shares of Arhaus from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.09.

Arhaus Price Performance

Shares of Arhaus stock traded up $0.18 during mid-day trading on Friday, reaching $8.22. 681,405 shares of the stock traded hands, compared to its average volume of 1,580,082. The stock has a market capitalization of $1.16 billion, a PE ratio of 14.68, a PEG ratio of 11.57 and a beta of 2.64. The business has a 50-day moving average of $8.57 and a 200 day moving average of $9.81. Arhaus, Inc. has a fifty-two week low of $6.61 and a fifty-two week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

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.