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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 5,810,000 shares, a drop of 14.4% from the September 30th total of 6,790,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 11.5% of the shares of the company are sold short.

Arhaus Price Performance

NASDAQ ARHS traded down $0.23 on Tuesday, reaching $8.51. The company's stock had a trading volume of 1,066,746 shares, compared to its average volume of 1,258,338. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.19 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. The business has a 50-day moving average price of $11.25 and a 200 day moving average price of $14.12.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company's revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Sell-side analysts expect that Arhaus will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in ARHS. Amalgamated Bank acquired a new stake in shares of Arhaus during the 2nd quarter worth about $30,000. Quest Partners LLC boosted its holdings in shares of 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 acquiring an additional 7,168 shares in the last quarter. Ground Swell Capital LLC bought a new stake in Arhaus during the 2nd quarter worth approximately $183,000. Handelsbanken Fonder AB bought a new position in Arhaus in the 3rd quarter valued at $207,000. Finally, Virtu Financial LLC acquired a new position in Arhaus in the first quarter worth $212,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ARHS shares. Bank of America cut their price objective on Arhaus from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $15.00 price target on shares of Arhaus in a report on Monday, August 12th. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Barclays cut their target price on shares of Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Finally, TD Cowen reduced their price target on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.73.

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.