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

Arhaus, Inc. (NASDAQ:ARHS) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 7,190,000 shares, a decrease of 14.9% from the August 15th total of 8,450,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 14.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ARHS. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price target on shares of Arhaus in a research note on Monday, August 12th. Robert W. Baird cut their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Barclays reduced their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. TD Cowen cut their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their target price on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded up $0.08 during trading on Monday, reaching $12.53. 204,743 shares of the company traded hands, compared to its average volume of 1,242,947. The firm has a market capitalization of $1.76 billion, a PE ratio of 16.49, a PEG ratio of 12.49 and a beta of 2.52. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $13.45 and its two-hundred day moving average is $14.99.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. Arhaus’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, sell-side analysts predict that Arhaus will post 0.48 earnings per share for the current year.

Insider Activity

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.52% of the stock is currently owned by insiders.

Institutional Trading of Arhaus

Several large investors have recently made changes to their positions in ARHS. Amalgamated Bank acquired a new stake in shares of Arhaus in the 2nd quarter valued at $30,000. National Bank of Canada FI boosted its stake in Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after buying an additional 5,500 shares in the last quarter. Quest Partners LLC grew its position in Arhaus by 716,800.0% in the second 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 during the last quarter. Ground Swell Capital LLC acquired a new position in Arhaus during the second quarter worth about $183,000. Finally, Aspiriant LLC bought a new position in shares of Arhaus in the first quarter worth about $204,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.