Arhaus’ (ARHS) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $12.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 31.58% from the company’s current price. 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 research reports. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Barclays lowered their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Bank of America reduced their price target on shares of Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Robert W. Baird lowered their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Wedbush assumed 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.60.

Arhaus Trading Up 1.6 %

ARHS stock opened at $9.12 on Thursday. Arhaus has a twelve month low of $8.04 and a twelve month high of $19.81. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 9.92 and a beta of 2.58. 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 firm’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $13.84.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share 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 company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts anticipate that Arhaus will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Arhaus by 11.8% in the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after acquiring an additional 463,749 shares during the period. American Century Companies Inc. raised its holdings in Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Arhaus by 0.6% during the first 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 boosted its holdings in shares of Arhaus by 2.4% in the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after buying an additional 32,077 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its position in shares of Arhaus by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after buying an additional 8,461 shares during the last quarter. Institutional investors 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.