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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the target of a significant increase in short interest during 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 days-to-cover ratio is currently 4.5 days. Currently, 12.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank purchased a new position in shares of Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new position in Arhaus during the 3rd quarter valued at $43,000. Quest Partners LLC raised its holdings 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 bought a new position in Arhaus in the 3rd quarter worth $131,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the 2nd quarter worth about $183,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Trading Down 2.7 %

ARHS traded down $0.25 during trading on Monday, hitting $9.15. 1,080,806 shares of the stock traded hands, compared to its average volume of 1,301,153. The firm has a market capitalization of $1.29 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 12.33 and a beta of 2.58. Arhaus has a 12-month low of $8.30 and a 12-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 $10.47 and a 200 day moving average of $13.64.

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

Analysts Set New Price Targets

ARHS has been the subject of a number of research reports. Jefferies Financial Group reiterated a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Wedbush cut their target price on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Barclays reduced their price target on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Bank of America cut shares of Arhaus from a "buy" rating to a "neutral" rating and cut their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Telsey Advisory Group raised shares of Arhaus from a "market perform" rating to an "outperform" rating and increased their target price for the company from $11.00 to $12.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $12.90.

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.