Wedbush Has Bullish Estimate for Arhaus FY2024 Earnings

Arhaus, Inc. (NASDAQ:ARHS) – Analysts at Wedbush lifted their FY2024 EPS estimates for shares of Arhaus in a report issued on Friday, January 10th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.44 per share for the year, up from their previous forecast of $0.40. 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 $0.42 per share. Wedbush also issued estimates for Arhaus’ Q4 2024 earnings at $0.11 EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.75 EPS.

ARHS has been the topic of several other reports. Piper Sandler lifted their price objective on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research report on Friday, January 10th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Stifel Nicolaus raised their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Arhaus Stock Up 0.7 %

Shares of NASDAQ ARHS opened at $10.94 on Monday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $11.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share.

Institutional Investors Weigh In On Arhaus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in shares of Arhaus in the 2nd quarter valued at $30,000. Quantbot Technologies LP acquired a new position in Arhaus in the third quarter valued at about $43,000. Quest Partners LLC boosted its stake in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Arhaus during the third quarter valued at about $131,000. Finally, Olympiad Research LP purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $202,000. 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.