Telsey Advisory Group Forecasts Weaker Earnings for Arhaus

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Stock analysts at Telsey Advisory Group reduced their FY2024 earnings per share (EPS) estimates for shares of Arhaus in a report issued on Friday, November 8th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $0.40 per share for the year, down from their prior forecast of $0.41. Telsey Advisory Group has a "Market Perform" rating and a $11.00 price objective on the stock. The consensus estimate for Arhaus' current full-year earnings is $0.46 per share. Telsey Advisory Group also issued estimates for Arhaus' Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.45 EPS.

A number of other brokerages have also recently commented on ARHS. Jefferies Financial Group reissued a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday. Robert W. Baird dropped their price target on shares of Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Finally, TD Cowen lowered their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.80.

Arhaus Trading Up 1.2 %

Shares of Arhaus stock traded up $0.12 on Monday, reaching $9.80. 1,010,799 shares of the company's stock were exchanged, compared to its average volume of 1,292,515. The company has a market capitalization of $1.38 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 10.79 and a beta of 2.58. Arhaus has a 52 week low of $8.22 and a 52 week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The firm's 50-day moving average is $10.65 and its two-hundred day moving average is $13.77.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its 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). Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the company posted $0.14 EPS. The business's revenue for the quarter was down 2.2% compared to the same quarter last year.

Institutional Investors Weigh In On Arhaus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD acquired a new position in shares of Arhaus during the first quarter worth $8,326,000. Sei Investments Co. lifted its position in shares of Arhaus by 192.7% during the first quarter. Sei Investments Co. now owns 383,091 shares of the company's stock worth $5,896,000 after purchasing an additional 252,192 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Arhaus by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company's stock valued at $2,605,000 after purchasing an additional 112,583 shares in the last quarter. Russell Investments Group Ltd. increased its position in Arhaus by 142.4% during the first quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company's stock worth $4,794,000 after buying an additional 182,979 shares during the period. Finally, Carnegie Investment Counsel lifted its position in Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company's stock valued at $3,628,000 after purchasing an additional 188,240 shares during the period. Hedge funds and other institutional investors own 27.88% of the company's stock.

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.