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

Telsey Advisory Group upgraded shares of Arhaus (NASDAQ:ARHS) from a market perform rating to an outperform rating in a report released on Thursday morning,Benzinga reports. Telsey Advisory Group currently has $12.00 target price on the stock, up from their previous target price 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 analysts also recently commented on the company. Wedbush decreased their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Barclays decreased their price target 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. Robert W. Baird cut their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price target 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Stock Down 2.7 %

Shares of NASDAQ:ARHS traded down $0.26 during midday trading on Thursday, hitting $9.32. 294,516 shares of the company’s stock were exchanged, compared to its average volume of 1,297,125. 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 12 month low of $8.30 and a 12 month high of $19.81. The company has a market cap of $1.31 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 12.71 and a beta of 2.58. The stock has a 50 day moving average price of $10.53 and a 200-day moving average price of $13.69.

Arhaus (NASDAQ:ARHS) last announced 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Trading of Arhaus

A number of institutional investors have recently modified their holdings of ARHS. Amalgamated Bank bought a new stake in shares of Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the third quarter valued at approximately $43,000. Quest Partners LLC lifted its holdings 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 valued at $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Arhaus in the 3rd quarter worth approximately $131,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the 2nd quarter worth approximately $183,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

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.