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

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a significant increase in short interest in 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. Currently, 15.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is currently 5.5 days.

Arhaus Trading Up 2.0 %

Shares of NASDAQ ARHS opened at $11.64 on Friday. 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 stock has a market capitalization of $1.64 billion, a PE ratio of 20.79, a PEG ratio of 12.34 and a beta of 2.58. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The stock has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $11.51.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business 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 earnings per share. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Arhaus will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARHS shares. Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Wedbush decreased their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Finally, Piper Sandler increased their price objective on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average target price of $12.20.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in Arhaus by 41.4% in the 4th quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock valued at $217,000 after purchasing an additional 6,773 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares during the last quarter. Procyon Advisors LLC purchased a new stake in Arhaus during the 4th quarter worth about $293,000. Carnegie Investment Counsel boosted its position in shares of Arhaus by 12.8% during the 4th quarter. Carnegie Investment Counsel now owns 332,410 shares of the company’s stock worth $3,125,000 after acquiring an additional 37,670 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company’s stock valued at $5,051,000 after acquiring an additional 157,515 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.