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

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 6,110,000 shares, a growth of 5.2% from the October 15th total of 5,810,000 shares. Approximately 12.0% of the company’s stock are short sold. Based on an average daily volume of 1,370,000 shares, the short-interest ratio is presently 4.5 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARHS. Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Robert W. Baird decreased their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. TD Cowen cut their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Telsey Advisory Group upgraded Arhaus from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Finally, Barclays cut their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Arhaus in the second quarter valued at approximately $30,000. Quantbot Technologies LP acquired a new stake in Arhaus during the 3rd quarter worth $43,000. Quest Partners LLC grew its position in Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC acquired a new position in Arhaus in the third quarter valued at $131,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the second quarter valued at about $183,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of Arhaus stock opened at $9.25 on Wednesday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 16.52, a P/E/G ratio of 12.33 and a beta of 2.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The firm’s 50 day moving average is $10.41 and its two-hundred day moving average is $13.59.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results 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 return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Arhaus’s revenue was down 2.2% compared to the same quarter last year. Research analysts forecast that Arhaus will post 0.42 EPS for the current fiscal year.

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.