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Arhaus, Inc. (NASDAQ:ARHS) Short Interest Down 8.9% in December

Arhaus logo with Retail/Wholesale background

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,830,000 shares, a decline of 8.9% from the November 30th total of 6,400,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 4.2 days. Approximately 11.5% of the shares of the company are sold short.

Arhaus Price Performance

ARHS traded up $0.12 during trading on Tuesday, hitting $9.40. 1,355,524 shares of the company traded hands, compared to its average volume of 1,279,102. The company has a market cap of $1.32 billion, a PE ratio of 16.79, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. 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's 50-day simple moving average is $9.67 and its two-hundred day simple moving average is $12.15.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued 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 the consensus estimate of $328.94 million. During the same period last year, the firm posted $0.14 earnings per share. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of the business. Amalgamated Bank purchased a new position in Arhaus in the second quarter worth about $30,000. Quantbot Technologies LP purchased a new position in Arhaus during the third quarter worth $43,000. Quest Partners LLC raised its stake in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company's stock valued at $121,000 after acquiring an additional 7,168 shares during the period. Intech Investment Management LLC purchased a new position in shares of Arhaus during the 3rd quarter worth about $131,000. Finally, Ground Swell Capital LLC purchased a new stake in Arhaus in the 2nd quarter worth about $183,000. Institutional investors own 27.88% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays cut 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. Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Telsey Advisory Group raised shares of Arhaus from a "market perform" rating to an "outperform" rating and upped their target price for the company from $11.00 to $12.00 in a report on Thursday, November 14th. Finally, Bank of America downgraded 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 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 stock. Based on data from MarketBeat.com, Arhaus presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.90.

Check Out Our Latest Stock Report on Arhaus

About Arhaus

(Get Free Report)

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.

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