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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,700,000 shares, a growth of 32.1% from the December 31st total of 5,830,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is currently 5.5 days. Currently, 15.2% of the company's shares are short sold.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America downgraded shares of Arhaus from a "buy" rating to a "neutral" rating and dropped their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Wedbush dropped their price target on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Jefferies Financial Group boosted their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research note on Friday, January 10th. Finally, Piper Sandler boosted their price target on shares of Arhaus from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.18.

Arhaus Stock Down 5.9 %

Shares of ARHS stock traded down $0.72 on Monday, reaching $11.56. 2,115,877 shares of the stock were exchanged, compared to its average volume of 1,757,061. 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 business's 50 day moving average price is $10.55 and its 200 day moving average price is $11.19. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 12.57 and a beta of 2.63. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly 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 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 analysts' expectations of $328.94 million. During the same period last year, the firm earned $0.14 earnings per share. Arhaus's revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Arhaus will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Arhaus by 16.3% in the second quarter. Dimensional Fund Advisors LP now owns 655,156 shares of the company's stock valued at $11,099,000 after buying an additional 91,959 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Arhaus in the second quarter valued at about $30,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Arhaus in the second quarter valued at about $331,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arhaus in the second quarter valued at about $244,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Arhaus in the second quarter valued at about $310,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.