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

Arhaus, Inc. (NASDAQ:ARHS) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 6,980,000 shares, an increase of 44.5% from the June 30th total of 4,830,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 5.4 days. Currently, 13.8% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research firms have recently commented on ARHS. Piper Sandler reiterated an “overweight” rating and issued a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. TD Cowen boosted their price target on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Robert W. Baird boosted their price target on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $16.00 in a research note on Monday, July 8th. Finally, Stifel Nicolaus initiated coverage on Arhaus in a research note on Tuesday, July 9th. They set a “buy” rating and a $19.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.77.

Arhaus Price Performance

Shares of ARHS traded down $0.76 on Monday, hitting $15.58. The company’s stock had a trading volume of 784,950 shares, compared to its average volume of 1,198,763. The company has a market capitalization of $2.19 billion, a PE ratio of 21.50, a PEG ratio of 2.53 and a beta of 2.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The company has a 50 day moving average price of $17.09 and a 200 day moving average price of $14.93.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The business had revenue of $295.16 million for the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. On average, research analysts anticipate that Arhaus will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares in the company, valued at $1,316,544.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at $9,476,558.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares in the company, valued at $1,316,544.90. The disclosure for this sale can be found here. Insiders have sold a total of 157,960 shares of company stock worth $2,978,281 over the last three months. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Arhaus by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company’s stock worth $20,919,000 after buying an additional 48,406 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in Arhaus by 143.8% during the 2nd quarter. Carnegie Investment Counsel now owns 106,500 shares of the company’s stock worth $1,804,000 after buying an additional 62,820 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Arhaus by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock worth $2,605,000 after buying an additional 112,583 shares in the last quarter. Virtu Financial LLC acquired a new position in Arhaus during the 1st quarter worth $212,000. Finally, California State Teachers Retirement System lifted its holdings in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after buying an additional 5,178 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.