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

Arhaus, Inc. (NASDAQ:ARHS) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 7,700,000 shares, an increase of 32.1% from the December 31st total of 5,830,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 15.2% of the shares of the stock are sold short.

Institutional Trading of Arhaus

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new position in shares of Arhaus in the 2nd quarter worth about $30,000. Quantbot Technologies LP purchased a new position in shares of Arhaus in the 3rd quarter worth about $43,000. Stephens Inc. AR purchased a new position in shares of Arhaus in the 4th quarter worth about $109,000. Intech Investment Management LLC purchased a new position in shares of Arhaus in the 3rd quarter worth about $131,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Arhaus in the 4th quarter worth about $140,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Trading Down 0.3 %

NASDAQ:ARHS traded down $0.04 during mid-day trading on Friday, reaching $12.53. The company’s stock had a trading volume of 297,812 shares, compared to its average volume of 1,688,171. The company’s fifty day simple moving average is $10.50 and its two-hundred day simple moving average is $11.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The stock has a market cap of $1.76 billion, a P/E ratio of 22.38, a P/E/G ratio of 12.55 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last issued 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 return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts predict that Arhaus will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARHS. Loop Capital began coverage on Arhaus in a research report on Friday, January 24th. They issued a “hold” rating and a $12.00 price target for the company. Jefferies Financial Group raised their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Barclays decreased their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

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.