Short Interest in Arhaus, Inc. (NASDAQ:ARHS) Grows By 32.1%

Arhaus, Inc. (NASDAQ:ARHS) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 7,700,000 shares, a growth of 32.1% from the December 15th total of 5,830,000 shares. Approximately 15.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 5.5 days.

Arhaus Price Performance

NASDAQ:ARHS traded up $0.04 during trading hours on Friday, reaching $11.45. The stock had a trading volume of 342,746 shares, compared to its average volume of 1,732,504. 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 has a 52 week low of $8.30 and a 52 week high of $19.81. The company has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $11.53. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.44, a PEG ratio of 12.34 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) 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 analysts’ expectations of $328.94 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Arhaus’s revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently made changes to their positions in ARHS. Amalgamated Bank purchased a new stake in shares of Arhaus in the 2nd quarter worth $30,000. Quantbot Technologies LP purchased a new stake in shares of Arhaus in the 3rd quarter worth $43,000. Intech Investment Management LLC purchased a new stake in shares of Arhaus during the 3rd quarter worth $131,000. Olympiad Research LP purchased a new stake in shares of Arhaus during the 3rd quarter worth $202,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Arhaus during the 3rd quarter worth $207,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARHS has been the subject of several research analyst reports. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Stifel Nicolaus raised their target price on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.20.

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.