Arhaus Q3 EPS Forecast Decreased by Telsey Advisory Group

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Telsey Advisory Group cut their Q3 2024 earnings estimates for Arhaus in a research report issued on Tuesday, November 5th. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.09. Telsey Advisory Group has a "Outperform" rating and a $15.00 price objective on the stock. The consensus estimate for Arhaus' current full-year earnings is $0.47 per share. Telsey Advisory Group also issued estimates for Arhaus' Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.

Several other research analysts have also recently commented on ARHS. Bank of America decreased their target price on shares of Arhaus from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Stifel Nicolaus cut their target price on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday. TD Cowen lowered 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. Robert W. Baird cut their target price on Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Finally, Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.90.

Arhaus Stock Performance

Arhaus stock traded up $0.14 during mid-day trading on Wednesday, reaching $9.12. The company's stock had a trading volume of 3,300,577 shares, compared to its average volume of 1,273,934. The business has a 50 day moving average price of $10.82 and a 200-day moving average price of $13.87. 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 twelve month low of $8.04 and a twelve month high of $19.81. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 9.92 and a beta of 2.58.

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

Hedge Funds Weigh In On Arhaus

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock valued at $319,000 after buying an additional 1,416 shares during the last quarter. Amalgamated Bank acquired a new position in Arhaus in the 2nd quarter valued at $30,000. Nordea Investment Management AB lifted its position in Arhaus by 1.5% during the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company's stock worth $4,436,000 after purchasing an additional 4,169 shares during the period. California State Teachers Retirement System boosted its position in shares of 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 acquiring an additional 5,178 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company's stock valued at $1,403,000 after purchasing an additional 5,577 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.