FY2024 EPS Estimates for Arhaus Cut by Telsey Advisory Group

Arhaus, Inc. (NASDAQ:ARHS) – Research analysts at Telsey Advisory Group cut their FY2024 earnings estimates for shares of Arhaus in a note issued to investors on Friday, November 8th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.40 for the year, down from their prior estimate of $0.41. Telsey Advisory Group currently has a “Market Perform” rating and a $11.00 price target on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.45 EPS.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 25.10% and a net margin of 6.18%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS.

Several other analysts also recently issued reports on ARHS. TD Cowen decreased their price objective 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. Stifel Nicolaus decreased their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Barclays decreased their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average target price of $12.80.

Arhaus Stock Up 0.1 %

Shares of NASDAQ ARHS opened at $9.80 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The company has a market cap of $1.38 billion, a P/E ratio of 17.50, a PEG ratio of 11.70 and a beta of 2.58. Arhaus has a 1 year low of $8.22 and a 1 year high of $19.81. The firm has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $13.71.

Hedge Funds Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of ARHS. Amalgamated Bank purchased a new position in Arhaus during the second quarter valued at approximately $30,000. Quest Partners LLC increased 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 valued at $121,000 after buying an additional 7,168 shares during the period. Intech Investment Management LLC purchased a new position in Arhaus during the third quarter valued at approximately $131,000. Ground Swell Capital LLC purchased a new position in Arhaus during the second quarter valued at approximately $183,000. Finally, Olympiad Research LP purchased a new position in Arhaus during the third quarter valued at approximately $202,000. 27.88% of the stock is owned by hedge funds and other 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.