Wellington Management Group LLP Raises Stake in Arhaus, Inc. (NASDAQ:ARHS)

Wellington Management Group LLP grew its position in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,400,356 shares of the company's stock after acquiring an additional 168,800 shares during the quarter. Wellington Management Group LLP owned about 1.00% of Arhaus worth $13,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in Arhaus in the fourth quarter worth $58,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arhaus in the 4th quarter worth $69,000. AlphaQuest LLC increased its holdings in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after buying an additional 5,786 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Arhaus during the 4th quarter valued at about $99,000. Finally, Stephens Inc. AR purchased a new stake in shares of Arhaus during the 4th quarter valued at about $109,000. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ARHS has been the topic of several analyst reports. Loop Capital reduced their price objective on Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Piper Sandler dropped their price objective on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Stifel Nicolaus cut their price objective on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. 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 report on Friday, May 9th. Finally, Baird R W cut shares of Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of "Hold" and an average price target of $10.50.

Arhaus Stock Up 1.3%

Shares of ARHS stock traded up $0.11 during mid-day trading on Wednesday, hitting $8.84. The stock had a trading volume of 1,615,900 shares, compared to its average volume of 1,636,102. Arhaus, Inc. has a 12-month low of $6.61 and a 12-month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm's 50-day moving average is $8.20 and its two-hundred day moving average is $9.71. The firm has a market capitalization of $1.25 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The business had revenue of $311.37 million during the quarter, compared to analysts' expectations of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, analysts predict that Arhaus, Inc. will post 0.46 earnings per share for the current fiscal year.

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.