Wellington Management Group LLP Sells 236,580 Shares of Arhaus, Inc. $ARHS

Key Points

• Wellington Management Group LLP reduced its stake in Arhaus, Inc. by 16.9%, selling 236,580 shares, bringing its holdings to 1,163,776 shares valued at $10,125,000.
• Arhaus reported earnings of $0.25 per share, surpassing analyst expectations by $0.10, and achieved a revenue of $358.44 million for the quarter, up 15.6% year-over-year.
• Analysts have assigned a consensus rating of "Hold" for Arhaus, with a price target averaging $10.83, highlighting mixed views on its stock performance.

Wellington Management Group LLP trimmed its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 16.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,163,776 shares of the company's stock after selling 236,580 shares during the quarter. Wellington Management Group LLP owned 0.83% of Arhaus worth $10,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of ARHS. Bank of America Corp DE boosted its stake in Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after buying an additional 2,672,239 shares during the period. Barclays PLC boosted its stake in Arhaus by 108.6% during the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after buying an additional 1,391,342 shares during the period. CenterBook Partners LP boosted its stake in Arhaus by 145.8% during the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock worth $16,456,000 after buying an additional 1,122,004 shares during the period. Jane Street Group LLC boosted its stake in Arhaus by 808.3% during the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock worth $8,457,000 after buying an additional 1,026,710 shares during the period. Finally, Millennium Management LLC purchased a new position in Arhaus during the fourth quarter worth $3,563,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $11.00 price objective (up from $9.00) on shares of Arhaus in a research note on Friday, August 8th. Telsey Advisory Group reissued a "market perform" rating and set a $10.00 target price on shares of Arhaus in a research note on Monday, August 4th. Stifel Nicolaus boosted their target price on shares of Arhaus from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Loop Capital lowered their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Finally, Guggenheim lowered their target price on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.83.

Arhaus Stock Down 0.2%

NASDAQ:ARHS traded down $0.02 during mid-day trading on Friday, reaching $11.73. The company's stock had a trading volume of 1,791,944 shares, compared to its average volume of 2,441,338. Arhaus, Inc. has a 1 year low of $6.61 and a 1 year high of $13.97. The stock has a fifty day moving average of $10.06 and a 200-day moving average of $9.31. The firm has a market capitalization of $1.65 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 6.69 and a beta of 2.56. The company has a quick ratio of 0.61, a current ratio of 1.33 and a debt-to-equity ratio of 0.14.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. Arhaus had a net margin of 5.33% and a return on equity of 20.08%. The company had revenue of $358.44 million during the quarter, compared to analyst estimates of $333.39 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Arhaus, Inc. will post 0.46 earnings per share for the current year.

About Arhaus

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.