Arhaus (NASDAQ:ARHS) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a $12.00 target price on the stock. Telsey Advisory Group also issued estimates for Arhaus’ Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.

ARHS has been the subject of a number of other reports. Wedbush assumed coverage on Arhaus in a research note on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price for the company. Bank of America cut their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Barclays cut their target price on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus cut their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. Finally, Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Arhaus Price Performance

NASDAQ ARHS traded up $0.15 during mid-day trading on Thursday, hitting $9.85. The stock had a trading volume of 629,987 shares, compared to its average volume of 1,289,290. The firm’s 50 day moving average is $10.70 and its 200 day moving average is $13.81. Arhaus has a twelve month low of $8.04 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 9.98 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data 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 firm had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts forecast that Arhaus will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank acquired a new position in Arhaus during the 2nd quarter valued at approximately $30,000. Quest Partners LLC lifted its position in shares of Arhaus by 716,800.0% in 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 last quarter. Ground Swell Capital LLC acquired a new stake in shares of Arhaus in the second quarter worth about $183,000. Olympiad Research LP acquired a new position in Arhaus in the 3rd quarter valued at approximately $202,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Arhaus in the 3rd quarter valued at approximately $207,000. 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.