Wedbush Predicts Arhaus’ FY2024 Earnings (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS) – Equities researchers at Wedbush raised their FY2024 earnings estimates for shares of Arhaus in a note issued to investors on Friday, January 10th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $0.44 per share for the year, up from their prior estimate of $0.40. Wedbush currently has a “Neutral” rating and a $10.00 price target on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. Wedbush also issued estimates for Arhaus’ Q4 2024 earnings at $0.11 EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.75 EPS.

Several other equities research analysts also recently commented on ARHS. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a report on Friday. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday. Piper Sandler raised their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.10.

Arhaus Stock Up 15.0 %

Shares of NASDAQ ARHS opened at $10.88 on Monday. The business’s fifty day moving average price is $9.84 and its 200-day moving average price is $11.66. Arhaus has a one year low of $8.30 and a one year high of $19.81. The stock has a market capitalization of $1.53 billion, a PE ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. 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 previous year, the company posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Arhaus by 9,035.3% during the second quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock worth $1,175,000 after purchasing an additional 68,578 shares in the last quarter. 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 valued at $121,000 after purchasing an additional 7,168 shares during the last quarter. American Century Companies Inc. grew its stake in Arhaus by 120.6% in the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Arhaus in the 2nd quarter worth $21,034,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Arhaus by 67.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock valued at $1,626,000 after buying an additional 38,628 shares in the last quarter. 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.