Short Interest in Arhaus, Inc. (NASDAQ:ARHS) Expands By 7.6%

Arhaus, Inc. (NASDAQ:ARHS – Get Rating) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 4,840,000 shares, an increase of 7.6% from the February 13th total of 4,500,000 shares. Based on an average daily trading volume, of 942,600 shares, the days-to-cover ratio is presently 5.1 days. Approximately 27.8% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America lifted their price objective on Arhaus from $12.00 to $16.50 in a research report on Wednesday, January 11th. Robert W. Baird reduced their price objective on Arhaus from $13.00 to $12.00 in a research report on Friday, March 10th. Morgan Stanley reduced their price objective on Arhaus from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday. Telsey Advisory Group lifted their target price on Arhaus from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, March 6th. Finally, Piper Sandler reduced their target price on Arhaus from $16.00 to $13.00 in a research report on Friday, March 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Arhaus in the second quarter valued at $29,000. UBS Group AG acquired a new position in Arhaus during the 1st quarter worth $36,000. Virtu Financial LLC acquired a new position in Arhaus during the 2nd quarter worth $45,000. PDT Partners LLC acquired a new position in Arhaus during the 2nd quarter worth $48,000. Finally, Lazard Asset Management LLC grew its stake in Arhaus by 65.0% during the 2nd quarter. Lazard Asset Management LLC now owns 14,668 shares of the company’s stock worth $66,000 after purchasing an additional 5,776 shares in the last quarter. 30.55% of the stock is owned by institutional investors and hedge funds.

Arhaus Trading Down 2.7 %

Shares of NASDAQ ARHS opened at $8.59 on Thursday. Arhaus has a twelve month low of $4.23 and a twelve month high of $15.27. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $13.10 and a 200-day simple moving average of $10.22. The stock has a market capitalization of $1.20 billion, a PE ratio of 8.77 and a beta of 2.69.

About Arhaus

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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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.