Arhaus' (ARHS) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS - Free Report) in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock. Telsey Advisory Group also issued estimates for Arhaus' Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.

ARHS has been the subject of several other reports. Robert W. Baird reduced their target price on shares of Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Stifel Nicolaus cut their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Craig Hallum lowered shares of Arhaus from a "buy" rating to a "hold" rating and cut their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Arhaus currently has an average rating of "Moderate Buy" and a consensus price target of $13.20.

Arhaus Stock Performance

NASDAQ:ARHS traded up $0.69 during trading hours on Thursday, reaching $9.81. The company had a trading volume of 3,816,367 shares, compared to its average volume of 1,285,719. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 9.92 and a beta of 2.58. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Arhaus has a 52 week low of $8.04 and a 52 week high of $19.81. The firm's 50 day moving average price is $10.76 and its 200-day moving average price is $13.84.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $309.80 million for the quarter, compared to analysts' expectations of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. On average, analysts forecast that Arhaus will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock valued at $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank acquired a new position in Arhaus during the 2nd quarter valued at about $30,000. California State Teachers Retirement System raised its stake in Arhaus by 16.9% in the first quarter. California State Teachers Retirement System now owns 35,858 shares of the company's stock valued at $552,000 after buying an additional 5,178 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Arhaus by 5.1% in the third quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock worth $1,403,000 after acquiring an additional 5,577 shares in the last quarter. Finally, Privium Fund Management B.V. grew its stake in shares of Arhaus by 34.7% during the third quarter. Privium Fund Management B.V. now owns 21,750 shares of the company's stock worth $268,000 after acquiring an additional 5,600 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.