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

Arhaus, Inc. (NASDAQ:ARHS) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,580,000 shares, a decline of 10.4% from the January 15th total of 7,340,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 13.1% of the shares of the company are sold short.

Institutional Trading of Arhaus

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Arhaus by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock worth $274,000 after purchasing an additional 984 shares during the last quarter. Daymark Wealth Partners LLC raised its position in Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in Arhaus by 1.8% during the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock worth $672,000 after buying an additional 1,231 shares in the last quarter. Victory Capital Management Inc. boosted its position in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Arhaus by 4.3% in the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock valued at $352,000 after buying an additional 1,531 shares during the period. 27.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ARHS shares. Barclays reduced their price target 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. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Piper Sandler boosted their price target on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Stifel Nicolaus raised their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group boosted their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and an average price target of $12.18.

Arhaus Stock Up 1.1 %

ARHS opened at $12.60 on Tuesday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 13.29 and a beta of 2.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $10.94. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81.

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.