Arhaus, Inc. (NASDAQ:ARHS) Short Interest Down 10.4% in January

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 6,580,000 shares, a decrease of 10.4% from the January 15th total of 7,340,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is presently 4.4 days. Approximately 13.1% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Loop Capital initiated coverage on Arhaus in a research report on Friday, January 24th. They set a “hold” rating and a $12.00 price target on the stock. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a research note on Friday, January 10th. Five research 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, Arhaus presently has an average rating of “Moderate Buy” and a consensus target price of $12.18.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $12.60 on Monday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 22.50, a P/E/G ratio of 13.29 and a beta of 2.63. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $10.95. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Arhaus by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after acquiring an additional 134,312 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Arhaus in the 3rd quarter worth about $4,308,000. Principal Financial Group Inc. purchased a new position in shares of Arhaus in the 3rd quarter worth about $814,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Arhaus in the 3rd quarter worth about $802,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.