Short Interest in Arhaus, Inc. (NASDAQ:ARHS) Expands By 32.1%

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) saw a large increase in short interest during the month of 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. Approximately 15.2% of the company's shares are short sold. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is currently 5.5 days.

Analysts Set New Price Targets

ARHS has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Arhaus from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Wedbush cut 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. Stifel Nicolaus upped their price target on shares of Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday. Bank of America lowered shares of Arhaus from a "buy" rating to a "neutral" rating and cut their price target for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Arhaus Trading Up 2.0 %

Shares of NASDAQ ARHS traded up $0.23 during midday trading on Friday, hitting $11.64. 1,432,447 shares of the company traded hands, compared to its average volume of 1,832,841. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The firm has a market cap of $1.64 billion, a P/E ratio of 20.79, a P/E/G ratio of 12.34 and a beta of 2.58. The stock has a 50-day moving average price of $10.00 and a 200 day moving average price of $11.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share 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 firm 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 posted $0.14 EPS. The firm's revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that Arhaus will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carnegie Investment Counsel increased its stake in shares of Arhaus by 176.8% in the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company's stock worth $3,628,000 after acquiring an additional 188,240 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock valued at $14,874,000 after purchasing an additional 134,312 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Arhaus during the third quarter valued at approximately $4,308,000. Sei Investments Co. boosted its position in shares of Arhaus by 25.6% in the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company's stock worth $8,154,000 after purchasing an additional 98,240 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Arhaus in the 3rd quarter worth approximately $814,000. 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.