Wedbush Estimates Arhaus' FY2024 Earnings (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Equities research analysts at Wedbush dropped their FY2024 earnings estimates for Arhaus in a research report issued on Friday, November 8th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $0.40 per share for the year, down from their prior estimate of $0.45. Wedbush currently has a "Neutral" rating and a $10.00 price target on the stock. The consensus estimate for Arhaus' current full-year earnings is $0.46 per share. Wedbush also issued estimates for Arhaus' Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.48 EPS and FY2026 earnings at $0.63 EPS.

Several other analysts have also recently commented on ARHS. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and lowered their target price for the company from $15.00 to $11.00 in a research report on Thursday. Telsey Advisory Group cut shares of Arhaus from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $12.00 to $11.00 in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a report on Monday, November 4th. Craig Hallum cut shares of Arhaus from a "buy" rating to a "hold" rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.80.

Arhaus Stock Performance

ARHS stock traded up $0.12 during mid-day trading on Monday, reaching $9.80. The company had a trading volume of 1,010,799 shares, compared to its average volume of 1,292,515. Arhaus has a one year low of $8.22 and a one year high of $19.81. The stock has a market capitalization of $1.38 billion, a P/E ratio of 17.38, a P/E/G ratio of 10.79 and a beta of 2.58. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The stock's 50-day simple moving average is $10.65 and its two-hundred day simple moving average is $13.77.

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

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in ARHS. Amalgamated Bank bought a new position in shares of Arhaus in the second quarter valued at $30,000. Quest Partners LLC increased its stake in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Arhaus in the 3rd quarter valued at about $131,000. Ground Swell Capital LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at about $183,000. Finally, Virtu Financial LLC bought a new position in Arhaus during the first quarter worth about $212,000. Institutional investors and hedge funds 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.