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

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,830,000 shares, a decrease of 8.9% from the November 30th total of 6,400,000 shares. Currently, 11.5% of the company’s shares are sold short. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 4.2 days.

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in shares of Arhaus in the second quarter worth approximately $30,000. Quantbot Technologies LP bought a new stake in shares of Arhaus during the third quarter valued at approximately $43,000. Quest Partners LLC lifted its stake in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the third quarter worth about $131,000. Finally, Ground Swell Capital LLC bought a new position in Arhaus during the second quarter valued at approximately $183,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Up 0.2 %

Shares of Arhaus stock opened at $9.28 on Tuesday. The company’s 50 day moving average is $9.67 and its 200 day moving average is $12.15. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its earnings results 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). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same period in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts anticipate that Arhaus will post 0.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Telsey Advisory Group raised Arhaus from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $12.00 in a research report on Thursday, November 14th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Four 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

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.