Arhaus, Inc. (NASDAQ:ARHS) Sees Significant Increase in Short Interest

Arhaus, Inc. (NASDAQ:ARHS) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 6,110,000 shares, an increase of 5.2% from the October 15th total of 5,810,000 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is presently 4.5 days. Currently, 12.0% of the shares of the stock are sold short.

Arhaus Trading Down 1.9 %

Shares of ARHS opened at $9.40 on Monday. The firm has a 50-day moving average price of $10.47 and a 200 day moving average price of $13.64. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.79, a P/E/G ratio of 12.33 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Sell-side analysts forecast that Arhaus will post 0.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ARHS shares. Stifel Nicolaus dropped their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. TD Cowen dropped their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Institutional Investors Weigh In On Arhaus

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new stake in Arhaus during the 2nd quarter worth about $30,000. Quantbot Technologies LP acquired a new position in shares of Arhaus during the third quarter worth about $43,000. Quest Partners LLC increased its stake in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC acquired a new stake in Arhaus in the third quarter valued at approximately $131,000. Finally, Ground Swell Capital LLC purchased a new position in Arhaus in the second quarter worth approximately $183,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.