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

Arhaus, Inc. (NASDAQ:ARHS) was the target of a large increase in short interest in 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 stock are short sold. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 4.7 days.

Hedge Funds Weigh In On Arhaus

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

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $10.55 on Monday. The company has a market cap of $1.48 billion, a PE ratio of 18.84, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The firm has a 50-day simple moving average of $9.77 and a 200 day simple moving average of $12.88. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted 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 company had revenue of $319.13 million for 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%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, sell-side analysts anticipate that Arhaus will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

ARHS has been the topic of a number of recent analyst reports. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Wedbush reduced their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Stifel Nicolaus cut their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Finally, Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

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.