Arhaus, Inc. (NASDAQ:ARHS) Short Interest Update

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 6,400,000 shares, an increase of 8.8% from the November 15th total of 5,880,000 shares. Approximately 12.7% of the company’s shares are sold short. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 4.7 days.

Arhaus Stock Down 2.5 %

Shares of Arhaus stock traded down $0.27 during trading on Friday, hitting $10.55. The company’s stock had a trading volume of 1,094,050 shares, compared to its average volume of 1,278,747. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The company has a market capitalization of $1.48 billion, a PE ratio of 18.84, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $12.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last announced its earnings results 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 business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same period in the prior year, the business posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts predict that Arhaus will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

ARHS has been the topic of a number of research analyst reports. Stifel Nicolaus reduced 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. Telsey Advisory Group upgraded Arhaus from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.00 to $12.00 in a research report on Thursday, November 14th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Finally, Wedbush decreased their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Four 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $12.90.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new stake in shares of Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new stake in Arhaus during the 3rd quarter valued at $43,000. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Arhaus in the third quarter worth $131,000. Finally, Ground Swell Capital LLC bought a new position in shares of Arhaus during the second quarter valued at $183,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.