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

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 3,960,000 shares, a decrease of 8.1% from the August 15th total of 4,310,000 shares. Currently, 11.7% of the company’s stock are sold short. Based on an average trading volume of 963,400 shares, the short-interest ratio is currently 4.1 days.

Arhaus Stock Down 0.1 %

ARHS stock traded down $0.01 during midday trading on Tuesday, hitting $9.67. The company’s stock had a trading volume of 36,523 shares, compared to its average volume of 1,002,335. The firm’s 50-day moving average is $10.71 and its 200-day moving average is $9.35. The company has a market cap of $1.36 billion, a PE ratio of 8.57 and a beta of 2.56. The company has a current ratio of 1.51, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. Arhaus has a 12 month low of $6.75 and a 12 month high of $15.27.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The firm had revenue of $312.90 million for the quarter, compared to analysts’ expectations of $326.27 million. Arhaus had a return on equity of 71.15% and a net margin of 12.23%. On average, equities research analysts forecast that Arhaus will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arhaus news, insider Dawn Sparks sold 70,363 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $12.00, for a total transaction of $844,356.00. Following the transaction, the insider now owns 310,456 shares in the company, valued at approximately $3,725,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Arhaus news, insider Dawn Sparks sold 70,363 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $12.00, for a total transaction of $844,356.00. Following the transaction, the insider now owns 310,456 shares in the company, valued at approximately $3,725,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fs Capital Partners Vi, Llc sold 13,800,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $10.00, for a total value of $138,000,000.00. Following the transaction, the insider now owns 16,724,202 shares in the company, valued at approximately $167,242,020. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Several hedge funds and other institutional investors have recently modified their holdings of ARHS. Acadian Asset Management LLC bought a new position in shares of Arhaus during the 1st quarter valued at $749,000. Blair William & Co. IL increased its stake in shares of Arhaus by 38.9% in the 1st quarter. Blair William & Co. IL now owns 36,611 shares of the company’s stock worth $312,000 after purchasing an additional 10,258 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Arhaus by 56.6% in the 1st quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock worth $75,000 after purchasing an additional 3,213 shares in the last quarter. Northern Trust Corp increased its stake in shares of Arhaus by 136.8% in the 1st quarter. Northern Trust Corp now owns 87,684 shares of the company’s stock worth $747,000 after purchasing an additional 50,659 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Arhaus in the 1st quarter worth $1,905,000. 23.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

ARHS has been the topic of a number of analyst reports. Bank of America boosted their price target on Arhaus from $11.00 to $12.00 in a research report on Friday, July 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price target on shares of Arhaus in a research report on Wednesday, August 16th. Guggenheim boosted their price target on Arhaus from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Barclays boosted their price target on Arhaus from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Finally, Robert W. Baird upped their price objective on Arhaus from $11.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.44.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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, etc.; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.