Arhaus, Inc. (NASDAQ:ARHS) Short Interest Up 32.1% in January

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,700,000 shares, a growth of 32.1% from the December 31st 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 Stock Up 2.1 %

ARHS traded up $0.26 during trading on Thursday, reaching $12.52. The company had a trading volume of 872,911 shares, compared to its average volume of 1,736,733. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The business’s fifty day moving average price is $10.44 and its 200 day moving average price is $11.28. The company has a market cap of $1.76 billion, a P/E ratio of 22.40, a PEG ratio of 12.14 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. Equities analysts anticipate that Arhaus will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in Arhaus by 1.8% in the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after acquiring an additional 1,231 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in shares of Arhaus in the 4th quarter valued at $1,086,000. Stephens Inc. AR acquired a new stake in shares of Arhaus during the fourth quarter worth $109,000. Yorktown Management & Research Co Inc raised its stake in Arhaus by 105.5% during the fourth quarter. Yorktown Management & Research Co Inc now owns 28,250 shares of the company’s stock worth $266,000 after buying an additional 14,500 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in Arhaus in the fourth quarter valued at $140,000. 27.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on ARHS shares. Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Loop Capital began coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Stifel Nicolaus increased their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a report on Friday, January 10th. Finally, Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and an average price target of $12.18.

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.