Arhaus (NASDAQ:ARHS) Stock Rating Upgraded by Telsey Advisory Group

Arhaus (NASDAQ:ARHS) was upgraded by investment analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock, up from their previous price objective of $11.00. Telsey Advisory Group’s price target points to a potential upside of 27.66% from the stock’s previous close. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.40 EPS and FY2025 earnings at $0.45 EPS.

A number of other equities research analysts have also weighed in on ARHS. Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. TD Cowen cut their price objective on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Trading Down 1.9 %

Shares of NASDAQ:ARHS opened at $9.40 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The firm has a market capitalization of $1.32 billion, a P/E ratio of 16.79, a P/E/G ratio of 12.71 and a beta of 2.58. The business’s 50-day moving average is $10.47 and its 200 day moving average is $13.63. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. On average, research analysts predict that Arhaus will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Large investors have recently bought and sold shares of the business. Amalgamated Bank acquired a new position in shares of Arhaus during the 2nd quarter worth approximately $30,000. Quantbot Technologies LP acquired a new position in Arhaus during the third quarter worth $43,000. Quest Partners LLC lifted its holdings in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Arhaus in the third quarter valued at about $131,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Arhaus during the second quarter worth about $183,000. 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.