Telsey Advisory Group Reiterates Outperform Rating for Arhaus (NASDAQ:ARHS)

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reaffirmed by research analysts at Telsey Advisory Group in a note issued to investors on Thursday, MarketBeat reports. They currently have a $12.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 23.97% from the stock’s previous close. 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.

Other research analysts have also issued research reports about the stock. Wedbush started coverage on shares of Arhaus in a research note on Friday, October 11th. They issued a “neutral” rating and a $11.00 price objective for the company. Barclays decreased their price target on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus cut their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Bank of America decreased their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.80.

Arhaus Stock Down 0.2 %

Shares of NASDAQ ARHS opened at $9.68 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $10.65 and its two-hundred day moving average is $13.78. Arhaus has a 52-week low of $8.04 and a 52-week high of $19.81. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 15.37, 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 earnings per share (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 analysts’ expectations of $328.94 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Arhaus’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Arhaus will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after purchasing an additional 463,749 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Arhaus by 120.6% in the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after buying an additional 2,219,554 shares in the last quarter. Hood River Capital Management LLC grew its position in shares of Arhaus by 0.6% in the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after buying an additional 8,824 shares during the last quarter. Emerald Advisers LLC raised its stake in Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after acquiring an additional 32,077 shares in the last quarter. Finally, Summit Creek Advisors LLC lifted its position in Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after acquiring an additional 8,461 shares during the last quarter. 27.88% of the stock is 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.