Arhaus (NASDAQ:ARHS) Downgraded to “Market Perform” Rating by Telsey Advisory Group

Telsey Advisory Group lowered shares of Arhaus (NASDAQ:ARHS) from an outperform rating to a market perform rating in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $11.00 price objective on the stock, down from their prior price objective of $12.00. Telsey Advisory Group also issued estimates for Arhaus’ Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.41 EPS, FY2024 earnings at $0.40 EPS, FY2025 earnings at $0.45 EPS and FY2025 earnings at $0.50 EPS.

A number of other analysts also recently commented on ARHS. Barclays dropped their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a research report on Thursday. Robert W. Baird decreased their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Wedbush initiated coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 price target for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.80.

Arhaus Stock Performance

ARHS stock traded down $0.02 during trading on Friday, reaching $9.68. 1,630,588 shares of the company’s stock were exchanged, compared to its average volume of 1,294,059. The firm has a market cap of $1.36 billion, a PE ratio of 15.37, a P/E/G ratio of 9.98 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. Arhaus has a 1-year low of $8.04 and a 1-year high of $19.81. The company’s fifty day moving average price is $10.65 and its 200-day moving average price is $13.78.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the business posted $0.14 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Arhaus will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in Arhaus in the 3rd quarter valued at $131,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Arhaus during the third quarter worth approximately $1,317,000. LMR Partners LLP bought a new stake in shares of Arhaus in the third quarter valued at approximately $4,308,000. Oppenheimer Asset Management Inc. grew its stake in shares of Arhaus by 23.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 118,042 shares of the company’s stock worth $1,453,000 after acquiring an additional 22,076 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after purchasing an additional 1,416 shares during the last quarter. Institutional investors 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.