FY2024 Earnings Estimate for Arhaus Issued By William Blair

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Analysts at William Blair boosted their FY2024 earnings per share estimates for shares of Arhaus in a research report issued to clients and investors on Thursday, January 9th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $0.45 for the year, up from their previous estimate of $0.44. The consensus estimate for Arhaus' current full-year earnings is $0.42 per share. William Blair also issued estimates for Arhaus' Q4 2024 earnings at $0.12 EPS.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their price target on Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday. Piper Sandler boosted their target price on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday. Wedbush decreased their price target on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Arhaus Stock Down 0.2 %

Shares of ARHS stock traded down $0.02 during trading hours on Monday, hitting $10.86. 2,622,050 shares of the company were exchanged, compared to its average volume of 2,001,279. The company has a market capitalization of $1.53 billion, a PE ratio of 19.39, a PEG ratio of 14.78 and a beta of 2.58. Arhaus has a 52 week low of $8.30 and a 52 week high of $19.81. The business has a 50 day moving average of $9.84 and a two-hundred day moving average of $11.62. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Arhaus by 9,035.3% during the second quarter. Rhumbline Advisers now owns 69,337 shares of the company's stock worth $1,175,000 after purchasing an additional 68,578 shares during the period. Quest Partners LLC boosted 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 acquiring an additional 7,168 shares during the period. American Century Companies Inc. increased its holdings in shares of Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company's stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Arhaus in the 2nd quarter valued at $21,034,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Arhaus by 67.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company's stock valued at $1,626,000 after purchasing an additional 38,628 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.