Arhaus (NASDAQ:ARHS) Downgraded by Telsey Advisory Group to “Market Perform”

Telsey Advisory Group lowered shares of Arhaus (NASDAQ:ARHS) from an outperform rating to a market perform rating in a research report released on Friday, Marketbeat.com reports. They currently have $11.00 price target on the stock, down from their previous price target of $12.00. Telsey Advisory Group also issued estimates for Arhaus’ Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.41 EPS, FY2024 earnings at $0.40 EPS, FY2025 earnings at $0.45 EPS and FY2025 earnings at $0.50 EPS.

Other analysts also recently issued reports about the company. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a research report on Wednesday, October 9th. TD Cowen reduced their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Bank of America downgraded 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. Stifel Nicolaus reduced their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Wedbush began coverage on Arhaus in a research report on Friday, October 11th. They set a “neutral” rating and a $11.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and a consensus target price of $12.80.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $9.79 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Arhaus has a twelve month low of $8.22 and a twelve month high of $19.81. The stock has a 50 day moving average of $10.60 and a two-hundred day moving average of $13.74. The stock has a market cap of $1.38 billion, a P/E ratio of 17.48, a P/E/G ratio of 11.70 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released 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 return on equity of 25.10% and a net margin of 6.18%. The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter last year, the company earned $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Arhaus will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in Arhaus during the 2nd quarter worth $30,000. Quest Partners LLC raised its position 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 worth $121,000 after purchasing an additional 7,168 shares during the period. Intech Investment Management LLC acquired a new position in Arhaus during the third quarter valued at $131,000. Ground Swell Capital LLC acquired a new position in Arhaus during the second quarter valued at $183,000. Finally, Olympiad Research LP acquired a new position in Arhaus during the third quarter valued at $202,000. 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.