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. Approximately 15.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 5.5 days.

Institutional Investors Weigh In On Arhaus

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in Arhaus by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 73,557 shares of the company’s stock worth $691,000 after acquiring an additional 7,468 shares in the last quarter. WD Rutherford LLC purchased a new position in Arhaus in the fourth quarter worth $254,000. Rhumbline Advisers raised its position in Arhaus by 1.8% in the fourth quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after acquiring an additional 1,231 shares in the last quarter. Lightrock Netherlands B.V. purchased a new position in Arhaus in the fourth quarter worth $1,086,000. Finally, Stephens Inc. AR purchased a new position in Arhaus in the fourth quarter worth $109,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of Arhaus stock traded down $0.04 during trading hours on Friday, hitting $12.53. 297,812 shares of the company were exchanged, compared to its average volume of 1,688,171. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $10.50 and a 200-day moving average of $11.29. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 12.55 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). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter last year, the company earned $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARHS has been the subject of a number of research analyst reports. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Jefferies Financial Group upped their price target on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Five 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 presently has an average rating of “Moderate Buy” and a consensus target price of $12.18.

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.