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

Wellington Management Group LLP lifted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,123,956 shares of the company’s stock after purchasing an additional 221,009 shares during the period. Wellington Management Group LLP owned about 0.80% of Arhaus worth $13,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. FACT Capital LP increased its stake in shares of Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company’s stock worth $9,467,000 after purchasing an additional 310,566 shares in the last quarter. Fund 1 Investments LLC increased its stake in shares of Arhaus by 24.3% during the fourth quarter. Fund 1 Investments LLC now owns 574,876 shares of the company’s stock worth $6,812,000 after purchasing an additional 112,267 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of Arhaus during the fourth quarter worth about $42,167,000. Ghisallo Capital Management LLC increased its stake in shares of Arhaus by 100.0% during the fourth quarter. Ghisallo Capital Management LLC now owns 400,000 shares of the company’s stock worth $4,740,000 after purchasing an additional 200,000 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in Arhaus during the fourth quarter worth about $2,132,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Insider Transactions at Arhaus

In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the insider now directly owns 68,785 shares in the company, valued at $1,316,544.90. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $16.97 on Thursday. The firm’s 50 day moving average price is $16.42 and its 200-day moving average price is $14.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus, Inc. has a one year low of $7.56 and a one year high of $19.81. The firm has a market cap of $2.38 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.63 and a beta of 2.65.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The firm had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. As a group, equities research analysts predict that Arhaus, Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARHS. Robert W. Baird boosted their price target on shares of Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Piper Sandler restated an “overweight” rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a research report on Friday, May 10th. TD Cowen boosted their price target on shares of Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Telsey Advisory Group restated an “outperform” rating and set a $17.00 price target on shares of Arhaus in a research report on Thursday, May 9th. Finally, Bank of America boosted their target price on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and a consensus target price of $16.56.

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.