Arhaus FY2024 EPS Estimate Reduced by Telsey Advisory Group

Arhaus, Inc. (NASDAQ:ARHS) – Stock analysts at Telsey Advisory Group lowered their FY2024 earnings estimates for shares of Arhaus in a report issued on Friday, November 8th. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings per share of $0.40 for the year, down from their prior forecast of $0.41. Telsey Advisory Group currently has a “Market Perform” rating and a $11.00 price target on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.45 EPS.

Other research analysts have also issued research reports about the stock. Wedbush reduced their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday. Robert W. Baird cut their price target on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. TD Cowen cut their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and cut their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.80.

Arhaus Stock Up 1.1 %

Shares of NASDAQ ARHS opened at $9.79 on Monday. The firm has a market capitalization of $1.38 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 11.70 and a beta of 2.58. 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 1 year low of $8.22 and a 1 year high of $19.81. The firm’s 50-day moving average is $10.60 and its 200-day moving average is $13.74.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 net margin of 6.18% and a return on equity of 25.10%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of Arhaus in the second quarter valued at $30,000. Quest Partners LLC lifted its position 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 purchasing an additional 7,168 shares during the period. Intech Investment Management LLC acquired a new position in Arhaus during the third quarter worth about $131,000. Ground Swell Capital LLC acquired a new position in Arhaus during the second quarter worth about $183,000. Finally, Virtu Financial LLC acquired a new position in Arhaus during the first quarter worth about $212,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.