Arhaus, Inc. (NASDAQ:ARHS) Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 13.7% during the fourth quarter, according to its most recent Form 13F 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 period. Wellington Management Group LLP owned 1.00% of Arhaus worth $13,163,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus during the fourth quarter valued at about $69,000. AlphaQuest LLC increased its holdings in Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after purchasing an additional 5,786 shares during the last quarter. Stephens Inc. AR purchased a new stake in Arhaus in the fourth quarter valued at approximately $109,000. Total Clarity Wealth Management Inc. acquired a new position in Arhaus during the fourth quarter worth $140,000. Finally, Intech Investment Management LLC boosted its position in shares of Arhaus by 55.5% during the fourth quarter. Intech Investment Management LLC now owns 16,598 shares of the company's stock worth $156,000 after buying an additional 5,925 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Trading Down 1.1 %

Shares of NASDAQ ARHS traded down $0.09 during midday trading on Tuesday, hitting $7.92. The stock had a trading volume of 302,997 shares, compared to its average volume of 1,563,798. The company has a fifty day moving average price of $9.80 and a 200 day moving average price of $10.07. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 11.57 and a beta of 2.64. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year 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.

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Analyst Ratings Changes

A number of brokerages recently weighed in on ARHS. Jefferies Financial Group lifted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday, January 10th. Piper Sandler cut Arhaus from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $15.00 to $12.00 in a research note on Thursday, February 27th. Stifel Nicolaus decreased their target price on Arhaus from $14.00 to $11.50 and set a "buy" rating for the company in a report on Monday, March 3rd. Telsey Advisory Group restated an "outperform" rating and set a $11.00 price target on shares of Arhaus in a report on Wednesday, February 26th. Finally, Loop Capital initiated coverage on Arhaus in a research note on Friday, January 24th. They issued a "hold" rating and a $12.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Arhaus currently has a consensus rating of "Hold" and an average price target of $11.18.

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.