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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 5,450,000 shares, a drop of 19.6% from the April 30th total of 6,780,000 shares. Based on an average daily volume of 2,220,000 shares, the short-interest ratio is presently 2.5 days. Approximately 10.7% of the company's shares are sold short.

Analysts Set New Price Targets

Several research firms have recently commented on ARHS. Stifel Nicolaus dropped their target price on shares of Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Guggenheim decreased their target price on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 9th. Morgan Stanley decreased their price objective on shares of Arhaus from $11.00 to $10.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Robert W. Baird cut shares of Arhaus from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Wall Street Zen cut shares of Arhaus from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Arhaus presently has a consensus rating of "Hold" and a consensus target price of $10.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Arhaus by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company's stock worth $47,589,000 after purchasing an additional 50,250 shares in the last quarter. JPMorgan Chase & Co. raised its position in Arhaus by 32.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company's stock valued at $24,348,000 after purchasing an additional 627,952 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock worth $23,480,000 after buying an additional 2,672,239 shares during the last quarter. CenterBook Partners LP raised its holdings in Arhaus by 145.8% in the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock worth $16,456,000 after purchasing an additional 1,122,004 shares during the period. Finally, Emerald Advisers LLC raised its stake in shares of Arhaus by 2.4% in the 1st quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company's stock valued at $14,504,000 after purchasing an additional 38,674 shares during the period. Institutional investors own 27.88% of the company's stock.

Arhaus Stock Performance

NASDAQ:ARHS traded up $0.10 during midday trading on Thursday, reaching $8.94. The stock had a trading volume of 967,644 shares, compared to its average volume of 1,638,044. Arhaus has a 12-month low of $6.61 and a 12-month high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $9.70. The stock has a market cap of $1.26 billion, a P/E ratio of 15.96, a P/E/G ratio of 11.57 and a beta of 2.63.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, equities analysts expect that Arhaus will post 0.46 EPS for the current 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.