Wellington Management Group LLP Buys 636,691 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Wellington Management Group LLP lifted its holdings in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 107.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,231,556 shares of the company's stock after buying an additional 636,691 shares during the period. Wellington Management Group LLP owned approximately 0.88% of Arhaus worth $15,160,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Amalgamated Bank bought a new stake in shares of Arhaus during the 2nd quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in shares of Arhaus during the 3rd quarter worth $43,000. Quest Partners LLC grew its position in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock valued at $121,000 after acquiring an additional 7,168 shares during the period. Intech Investment Management LLC bought a new position in Arhaus in the 3rd quarter worth $131,000. Finally, Ground Swell Capital LLC purchased a new stake in Arhaus in the second quarter worth about $183,000. 27.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ARHS. Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group upgraded Arhaus from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research report on Wednesday, October 9th. Wedbush decreased their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Finally, Stifel Nicolaus lowered their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.90.

Arhaus Trading Down 2.5 %

Shares of Arhaus stock traded down $0.27 on Friday, reaching $10.55. The company had a trading volume of 1,094,050 shares, compared to its average volume of 1,278,747. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 14.78 and a beta of 2.58. 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 price is $9.77 and its two-hundred day moving average price is $12.88. Arhaus, Inc. has a 1 year low of $8.30 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter last year, the firm earned $0.14 EPS. The company's revenue was down 2.2% on a year-over-year basis. As a group, research analysts predict that Arhaus, Inc. will post 0.42 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.