Arhaus, Inc. (NASDAQ:ARHS) Sees Large Decline in Short Interest

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 6,460,000 shares, a decline of 10.2% from the August 31st total of 7,190,000 shares. Currently, 12.7% of the shares of the company are sold short. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is presently 4.6 days.

Insider Activity at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of ARHS. Amalgamated Bank acquired a new stake in Arhaus during the second quarter worth approximately $30,000. Quest Partners LLC increased its stake 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 acquiring an additional 7,168 shares during the period. Ground Swell Capital LLC bought a new stake in shares of Arhaus during the 2nd quarter valued at approximately $183,000. Ballentine Partners LLC acquired a new stake in Arhaus in the first quarter valued at approximately $204,000. Finally, Aspiriant LLC bought a new stake in shares of Arhaus during the first quarter worth $204,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.31 on Tuesday. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company’s fifty day simple moving average is $12.86 and its 200-day simple moving average is $14.91. The firm has a market cap of $1.73 billion, a PE ratio of 16.20, a P/E/G ratio of 15.20 and a beta of 2.52. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts expect that Arhaus will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ARHS shares. Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Craig Hallum decreased their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays dropped their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. TD Cowen dropped their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.