Arhaus (NASDAQ:ARHS) Upgraded by Telsey Advisory Group to “Outperform” Rating

Telsey Advisory Group upgraded shares of Arhaus (NASDAQ:ARHS) from a market perform rating to an outperform rating in a research note published on Thursday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has $12.00 price objective on the stock, up from their previous price objective 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 firms have also recently commented on ARHS. TD Cowen cut their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Wedbush reduced their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus lowered their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Stock Down 1.9 %

Shares of Arhaus stock opened at $9.40 on Thursday. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 12.71 and a beta of 2.58. The company has a 50-day moving average of $10.47 and a 200 day moving average of $13.64. 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 announced its earnings results 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same period in the prior year, the business posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently made changes to their positions in ARHS. Swiss National Bank grew its position in Arhaus by 16.1% during the first quarter. Swiss National Bank now owns 78,700 shares of the company’s stock valued at $1,211,000 after buying an additional 10,900 shares during the period. 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 worth $5,896,000 after purchasing an additional 252,192 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Arhaus by 142.4% in the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock worth $4,794,000 after purchasing an additional 182,979 shares during the period. Entropy Technologies LP bought a new position in Arhaus in the 1st quarter worth $250,000. Finally, Vanguard Group Inc. lifted its position in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after purchasing an additional 463,749 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.