Arhaus, Inc. (NASDAQ:ARHS) Short Interest Up 8.8% in November

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 6,400,000 shares, an increase of 8.8% from the November 15th total of 5,880,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 12.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Telsey Advisory Group raised shares of Arhaus from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and lowered their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Barclays lowered their price objective on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Finally, Craig Hallum cut Arhaus from a "buy" rating to a "hold" rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.90.

Arhaus Stock Down 2.5 %

Shares of Arhaus stock traded down $0.27 during trading on Friday, hitting $10.55. 1,094,050 shares of the stock were exchanged, compared to its average volume of 1,278,747. The firm's 50-day moving average price is $9.77 and its 200 day moving average price is $12.88. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 14.78 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.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter last year, the business earned $0.14 EPS. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts forecast that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently made changes to their positions in ARHS. Amalgamated Bank acquired a new stake in shares of Arhaus during the 2nd quarter valued at $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus in the 3rd quarter valued at approximately $43,000. Quest Partners LLC lifted 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 worth $121,000 after buying an additional 7,168 shares during the last quarter. Intech Investment Management LLC acquired a new position in Arhaus during the 3rd quarter worth $131,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Arhaus during the 2nd quarter worth about $183,000. Institutional investors own 27.88% of the company's stock.

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.