Arhaus (NASDAQ:ARHS) Stock Rating Upgraded by Telsey Advisory Group

Telsey Advisory Group upgraded shares of Arhaus (NASDAQ:ARHS) from a market perform rating to an outperform rating in a report issued on Thursday morning, Marketbeat reports. They currently have $12.00 price target on the stock, up from their previous price target 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.

ARHS has been the subject of several other reports. 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 report on Tuesday, October 15th. Wedbush decreased their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Stifel Nicolaus reduced their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Stock Down 1.9 %

Shares of Arhaus stock opened at $9.40 on Thursday. 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 has a 1-year low of $8.30 and a 1-year high of $19.81. The business’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $13.64. The company has a market capitalization of $1.32 billion, a P/E ratio of 16.79, a PEG ratio of 12.33 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. As a group, research analysts forecast that Arhaus will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP boosted its position in Arhaus by 26.6% during the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after acquiring an additional 2,536,075 shares during the period. Vanguard Group Inc. increased its stake in Arhaus by 11.8% in the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after buying an additional 463,749 shares during the period. American Century Companies Inc. lifted its position in Arhaus by 120.6% in the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares in the last quarter. Hood River Capital Management LLC boosted its stake in shares of Arhaus by 0.6% during the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after buying an additional 8,824 shares during the period. Finally, Emerald Advisers LLC grew its holdings in shares of Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after acquiring an additional 32,077 shares in the last quarter. Hedge funds and other institutional investors 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.