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

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

Institutional Investors Weigh In On Arhaus

Hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP increased its position in Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after acquiring an additional 2,536,075 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 1,859,398 shares in the last quarter. Emerald Advisers LLC increased its holdings 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 valued at $16,884,000 after purchasing an additional 32,077 shares during the period. Wellington Management Group LLP raised its stake in shares of Arhaus by 107.0% during the third 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 in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Arhaus by 12.5% in the third 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. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of Arhaus stock traded down $0.19 during trading hours on Thursday, reaching $11.01. The company’s stock had a trading volume of 282,700 shares, compared to its average volume of 1,738,285. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company’s 50 day simple moving average is $9.96 and its 200 day simple moving average is $11.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The stock has a market cap of $1.55 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 12.34 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results 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 return on equity of 24.92% and a net margin of 6.18%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, analysts expect that Arhaus will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ARHS shares. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Barclays dropped their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group increased their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus boosted their target price on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and six have issued 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 $12.20.

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.