William Blair Investment Management LLC Acquires Shares of 1,241,672 Arhaus, Inc. (NASDAQ:ARHS)

William Blair Investment Management LLC acquired a new stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,241,672 shares of the company's stock, valued at approximately $21,034,000. William Blair Investment Management LLC owned about 0.89% of Arhaus as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in shares of Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock worth $74,000 after acquiring an additional 5,500 shares in the last quarter. Trexquant Investment LP bought a new position in Arhaus in the 4th quarter worth about $309,000. Hilltop Holdings Inc. grew its holdings in Arhaus by 2.1% during the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company's stock valued at $2,929,000 after buying an additional 5,074 shares in the last quarter. Olympiad Research LP increased its position in shares of Arhaus by 12.1% during the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company's stock valued at $255,000 after buying an additional 2,334 shares during the period. Finally, Evoke Wealth LLC purchased a new stake in shares of Arhaus in the fourth quarter worth about $479,000. Institutional investors own 27.88% of the company's stock.

Arhaus Price Performance

Shares of NASDAQ ARHS traded down $0.10 during trading hours on Monday, reaching $12.35. 732,757 shares of the stock traded hands, compared to its average volume of 1,245,926. The company's 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $14.99. The company has a market capitalization of $1.73 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 12.49 and a beta of 2.52. 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.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS 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 the consensus estimate of $314.28 million. During the same period last year, the firm posted $0.29 earnings per share. The business's revenue was down 1.0% compared to the same quarter last year. Equities research analysts forecast that Arhaus, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now owns 36,736 shares in the company, valued at $591,816.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ARHS shares. Robert W. Baird reduced their price objective on shares of Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Craig Hallum reduced their price target on shares of Arhaus from $21.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Barclays lowered their price objective on Arhaus from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Friday, August 9th. TD Cowen reduced their target price on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group cut Arhaus from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $16.00 in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

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.