Arhaus, Inc. (NASDAQ:ARHS) Short Interest Up 5.2% in October

Arhaus, Inc. (NASDAQ:ARHS) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,110,000 shares, an increase of 5.2% from the October 15th total of 5,810,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 12.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently modified their holdings of the company. Swiss National Bank increased its holdings in Arhaus by 16.1% in the 1st quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $1,211,000 after purchasing an additional 10,900 shares in the last quarter. Sei Investments Co. raised its holdings in Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after buying an additional 252,192 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Arhaus by 142.4% during the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock worth $4,794,000 after buying an additional 182,979 shares during the period. Vanguard Group Inc. grew its holdings in Arhaus by 11.8% during the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after acquiring an additional 463,749 shares during the last quarter. Finally, Boulder Hill Capital Management LP acquired a new position in Arhaus in the 1st quarter valued at approximately $1,590,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARHS. Bank of America cut shares of 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 report on Thursday, November 7th. Barclays reduced their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Wedbush lowered their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. TD Cowen reduced their target price on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Robert W. Baird decreased their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Four 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.com, Arhaus presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Stock Down 2.7 %

Shares of NASDAQ ARHS opened at $9.15 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 12.33 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The stock has a 50-day moving average price of $10.47 and a two-hundred day moving average price of $13.64.

Arhaus (NASDAQ:ARHS) last announced its quarterly 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). The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. As a group, analysts forecast that Arhaus will post 0.42 earnings per share for the current fiscal year.

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.