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

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,400,000 shares, a growth of 8.8% from the November 15th total of 5,880,000 shares. Currently, 12.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Trading of Arhaus

Several institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 134,312 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Arhaus during the third quarter valued at approximately $236,000. Wellington Management Group LLP lifted its holdings in shares of Arhaus by 107.0% in the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after buying an additional 636,691 shares in the last quarter. State Street Corp boosted its position in shares of Arhaus by 14.5% during the third quarter. State Street Corp now owns 930,023 shares of the company’s stock worth $11,449,000 after acquiring an additional 117,422 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after acquiring an additional 3,529 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ARHS shares. Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Wedbush dropped their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus reduced their price target on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Finally, Telsey Advisory Group raised shares of Arhaus from a “market perform” rating to an “outperform” rating and upped their target price for the company from $11.00 to $12.00 in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Stock Performance

NASDAQ ARHS traded down $0.27 on Friday, reaching $10.55. 1,094,050 shares of the stock were exchanged, compared to its average volume of 1,278,747. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a one year low of $8.30 and a one year high of $19.81. The firm has a market capitalization of $1.48 billion, a PE ratio of 18.84, a PEG ratio of 14.78 and a beta of 2.58. The company’s 50-day simple moving average is $9.77 and its two-hundred day simple moving average is $12.92.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data 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 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Analysts expect that Arhaus will post 0.42 EPS for the current fiscal year.

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.