Q3 EPS Estimates for Arhaus Cut by Telsey Advisory Group

Arhaus, Inc. (NASDAQ:ARHS) – Equities researchers at Telsey Advisory Group reduced their Q3 2024 earnings per share estimates for shares of Arhaus in a note issued to investors on Tuesday, November 5th. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will earn $0.06 per share for the quarter, down from their prior forecast of $0.09. Telsey Advisory Group currently has a “Outperform” rating and a $15.00 price target on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.47 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.

A number of other brokerages have also issued reports on ARHS. Wedbush initiated coverage on shares of Arhaus in a research note on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price on the stock. Bank of America dropped their target price on shares of Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Arhaus Stock Performance

Arhaus stock opened at $8.98 on Wednesday. The stock has a market cap of $1.26 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 9.92 and a beta of 2.58. The stock has a 50 day moving average of $10.82 and a 200-day moving average of $13.87. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Arhaus has a 52 week low of $8.04 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after acquiring an additional 1,416 shares during the period. Amalgamated Bank acquired a new stake in shares of Arhaus in the 2nd quarter worth about $30,000. Nordea Investment Management AB increased its holdings in shares of Arhaus by 1.5% in the 1st quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock worth $4,436,000 after acquiring an additional 4,169 shares during the period. California State Teachers Retirement System grew its position in Arhaus by 16.9% in the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock valued at $552,000 after buying an additional 5,178 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Arhaus by 5.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock valued at $1,403,000 after buying an additional 5,577 shares in the last quarter. 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.