Wedbush Has Optimistic Outlook of Arhaus FY2024 Earnings

Arhaus, Inc. (NASDAQ:ARHS) – Investment analysts at Wedbush lifted their FY2024 earnings per share estimates for Arhaus in a research note issued to investors on Friday, January 10th. Wedbush analyst S. Basham now anticipates that the company will earn $0.44 per share for the year, up from their previous forecast of $0.40. Wedbush has a “Neutral” rating and a $10.00 price objective on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. Wedbush also issued estimates for Arhaus’ Q4 2024 earnings at $0.11 EPS, FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.75 EPS.

Arhaus (NASDAQ:ARHS) last released its 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). The business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS.

ARHS has been the subject of several other reports. Piper Sandler increased their target price on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a report on Friday. Stifel Nicolaus decreased their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays dropped their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.10.

Arhaus Stock Up 15.0 %

Shares of NASDAQ:ARHS opened at $10.88 on Monday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The stock’s 50-day moving average price is $9.84 and its 200-day moving average price is $11.66. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARHS. Rhumbline Advisers boosted its stake in Arhaus by 9,035.3% during the second quarter. Rhumbline Advisers now owns 69,337 shares of the company’s stock worth $1,175,000 after acquiring an additional 68,578 shares in the last quarter. Quest Partners LLC raised its stake 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 last quarter. American Century Companies Inc. grew its stake in shares of Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Arhaus during the second quarter valued at $21,034,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Arhaus by 67.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 95,966 shares of the company’s stock worth $1,626,000 after purchasing an additional 38,628 shares during 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.