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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,580,000 shares, a decline of 10.4% from the January 15th total of 7,340,000 shares. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 13.1% of the company's shares are short sold.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in ARHS. Sanctuary Advisors LLC acquired a new stake in shares of Arhaus in the 2nd quarter valued at approximately $310,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock valued at $1,403,000 after buying an additional 5,577 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Arhaus by 507.6% in the 3rd quarter. Signaturefd LLC now owns 107,743 shares of the company's stock valued at $1,326,000 after buying an additional 90,010 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Arhaus by 147.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 379,781 shares of the company's stock valued at $4,675,000 after buying an additional 226,017 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company's stock valued at $16,884,000 after buying an additional 32,077 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Stock Down 2.7 %

NASDAQ:ARHS traded down $0.34 during trading hours on Thursday, reaching $12.18. 1,344,721 shares of the stock were exchanged, compared to its average volume of 1,621,513. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm has a 50 day moving average of $11.04 and a 200 day moving average of $10.94. The stock has a market cap of $1.71 billion, a PE ratio of 21.75, a PEG ratio of 13.09 and a beta of 2.63.

Analyst Ratings Changes

Several brokerages have weighed in on ARHS. Barclays dropped their price objective on Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Stifel Nicolaus boosted their price objective on Arhaus from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Piper Sandler boosted their price objective on Arhaus from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $11.00 price target on shares of Arhaus in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Arhaus has a consensus rating of "Moderate Buy" and an average 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.