Wedbush Issues Pessimistic Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS) had its target price reduced by Wedbush from $11.00 to $10.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock. Wedbush also issued estimates for Arhaus’ Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.40 EPS, FY2025 earnings at $0.48 EPS and FY2026 earnings at $0.63 EPS.

A number of other research analysts also recently issued reports on ARHS. Robert W. Baird cut their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. TD Cowen decreased their target price on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.80.

Arhaus Trading Up 1.1 %

Shares of ARHS opened at $9.79 on Friday. Arhaus has a 1-year low of $8.22 and a 1-year high of $19.81. The company has a 50-day moving average of $10.60 and a 200 day moving average of $13.74. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 11.70 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results 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 25.10%. The business had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts expect that Arhaus will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new position in Arhaus during the second quarter worth about $30,000. Quest Partners LLC raised its holdings in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Arhaus during the third quarter worth approximately $131,000. Ground Swell Capital LLC acquired a new stake in Arhaus during the second quarter worth approximately $183,000. Finally, Virtu Financial LLC purchased a new position in shares of Arhaus during the first quarter worth approximately $212,000. Hedge funds and other 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.