What is William Blair’s Forecast for Arhaus FY2024 Earnings?

Arhaus, Inc. (NASDAQ:ARHS) – Equities research analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for shares of Arhaus in a research note issued on Thursday, January 9th. William Blair analyst P. Blee now anticipates that the company will post earnings per share of $0.45 for the year, up from their previous estimate of $0.44. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. William Blair also issued estimates for Arhaus’ Q4 2024 earnings at $0.12 EPS.

Other equities research analysts have also issued research reports about the company. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Piper Sandler raised their target price on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and an average target price of $12.10.

Arhaus Stock Up 15.0 %

Shares of NASDAQ:ARHS opened at $10.88 on Monday. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $11.66. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58.

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 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 net margin of 6.18% and a return on equity of 24.92%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share.

Institutional Trading of Arhaus

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in Arhaus by 9,035.3% in the 2nd quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock valued at $1,175,000 after purchasing an additional 68,578 shares in the last quarter. Quest Partners LLC lifted its stake in shares of 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 buying an additional 7,168 shares during the period. American Century Companies Inc. boosted its position in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Arhaus in the 2nd quarter worth approximately $21,034,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Arhaus by 67.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock valued at $1,626,000 after acquiring an additional 38,628 shares during 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.