Q3 EPS Estimates for Arhaus Lowered by Telsey Advisory Group

Arhaus, Inc. (NASDAQ:ARHS) – Stock analysts at Telsey Advisory Group cut their Q3 2024 earnings per share (EPS) estimates for shares of Arhaus in a report released on Tuesday, November 5th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.09. Telsey Advisory Group currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.47 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.

A number of other analysts have also recently commented on ARHS. Robert W. Baird lowered their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. TD Cowen lowered their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wedbush began coverage on Arhaus in a research report on Friday, October 11th. They set a “neutral” rating and a $11.00 price target for the company. Stifel Nicolaus lowered their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. Finally, Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.20.

Arhaus Stock Performance

Shares of ARHS opened at $9.70 on Wednesday. The stock has a 50-day moving average of $10.70 and a two-hundred day moving average of $13.81. Arhaus has a one year low of $8.04 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a market cap of $1.36 billion, a P/E ratio of 15.40, a P/E/G ratio of 9.98 and a beta of 2.58.

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. The firm had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD purchased a new position in shares of Arhaus in the 1st quarter valued at about $8,326,000. Sei Investments Co. increased its stake in shares of Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after purchasing an additional 252,192 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Arhaus by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock valued at $2,605,000 after purchasing an additional 112,583 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Arhaus by 142.4% in the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock valued at $4,794,000 after purchasing an additional 182,979 shares in the last quarter. Finally, Carnegie Investment Counsel increased its stake in shares of Arhaus by 176.8% in the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after purchasing an additional 188,240 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.