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

Arhaus, Inc. (NASDAQ:ARHS) saw a significant growth in short interest in 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. Currently, 15.2% of the company’s stock are sold short. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is currently 5.5 days.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.29 on Friday, reaching $12.28. The stock had a trading volume of 1,254,235 shares, compared to its average volume of 1,609,203. 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 1 year low of $8.30 and a 1 year high of $19.81. The stock has a market cap of $1.73 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 12.55 and a beta of 2.58. The company has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $11.26.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results 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 firm had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts expect that Arhaus will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

ARHS has been the topic of several recent research reports. Piper Sandler upped their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Stifel Nicolaus increased their target price 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 reiterated an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They set a “hold” rating and a $12.00 price objective for the company. Finally, Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its stake in shares of Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after buying an additional 2,536,075 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after acquiring an additional 1,859,398 shares during the period. Emerald Advisers LLC grew its position in shares of Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after purchasing an additional 32,077 shares in the last quarter. Wellington Management Group LLP raised its stake in Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after purchasing an additional 636,691 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.