Arhaus, Inc. (NASDAQ:ARHS) Sees Significant Decline in Short Interest

Arhaus, Inc. (NASDAQ:ARHS) was the target of a significant decrease in short interest in 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 trading volume of 1,500,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 13.1% of the shares of the company are sold short.

Arhaus Price Performance

Shares of Arhaus stock traded up $0.14 during midday trading on Friday, hitting $12.60. 1,731,354 shares of the company were exchanged, compared to its average volume of 1,736,428. 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 firm has a market cap of $1.77 billion, a P/E ratio of 22.50, a PEG ratio of 13.29 and a beta of 2.63. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The firm has a 50 day simple moving average of $10.95 and a 200-day simple moving average of $10.98.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Arhaus in the third quarter valued at about $43,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus in the 4th quarter valued at $69,000. AlphaQuest LLC lifted its stake in shares of Arhaus by 190.2% in the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company’s stock valued at $83,000 after acquiring an additional 5,786 shares during the last quarter. Stephens Inc. AR bought a new position in Arhaus during the 4th quarter worth $109,000. Finally, Freestone Grove Partners LP acquired a new stake in Arhaus during the 4th quarter worth about $113,000. Institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ARHS shares. Piper Sandler raised their target price on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Barclays reduced their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Finally, Stifel Nicolaus lifted their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Arhaus has an average 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.