Arhaus (NASDAQ:ARHS) Upgraded at Telsey Advisory Group

Telsey Advisory Group upgraded shares of Arhaus (NASDAQ:ARHS) from a market perform rating to an outperform rating in a report issued on Thursday morning, Marketbeat.com reports. The brokerage currently has $12.00 target price on the stock, up from their previous target price of $11.00. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.40 EPS and FY2025 earnings at $0.45 EPS.

A number of other research analysts have also recently commented on ARHS. Jefferies Financial Group reiterated a “hold” rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Robert W. Baird reduced their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Wedbush lowered their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus reduced their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, TD Cowen decreased their price objective on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Stock Down 1.9 %

Shares of NASDAQ:ARHS opened at $9.40 on Thursday. The firm has a market capitalization of $1.32 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 12.71 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The firm has a fifty day moving average of $10.47 and a 200 day moving average of $13.64.

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 analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, research analysts anticipate that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ARHS. Amalgamated Bank purchased a new stake in Arhaus in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP purchased a new stake in Arhaus in the third quarter worth $43,000. Quest Partners LLC boosted its holdings in Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after acquiring an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new position in Arhaus during the 3rd quarter valued at $131,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the 2nd quarter worth about $183,000. Hedge funds and other institutional investors 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.