Arhaus (NASDAQ:ARHS) Stock Rating Lowered by Telsey Advisory Group

Arhaus (NASDAQ:ARHS - Get Free Report) was downgraded by stock analysts at Telsey Advisory Group from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. They presently have a $11.00 price target on the stock, down from their prior price target of $12.00. Telsey Advisory Group's price target would indicate a potential upside of 13.64% from the stock's previous close. 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. Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Jefferies Financial Group restated a "hold" rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a report on Monday. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Bank of America downgraded shares of Arhaus from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $15.00 to $11.00 in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.80.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.02 during trading hours on Friday, hitting $9.68. The stock had a trading volume of 1,630,587 shares, compared to its average volume of 1,294,059. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The firm has a market capitalization of $1.36 billion, a PE ratio of 15.37, a PEG ratio of 9.98 and a beta of 2.58. The stock's 50 day moving average is $10.65 and its 200 day moving average is $13.78. Arhaus has a twelve month low of $8.04 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, research analysts forecast that Arhaus will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank purchased a new stake in Arhaus during the second quarter worth $30,000. Quest Partners LLC boosted its position in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after buying an additional 7,168 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the 2nd quarter worth about $183,000. Olympiad Research LP acquired a new stake in Arhaus in the 3rd quarter valued at about $202,000. Finally, Handelsbanken Fonder AB purchased a new position in Arhaus during the 3rd quarter valued at about $207,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.