Arhaus, Inc. to Post Q1 2023 Earnings of $0.24 Per Share, William Blair Forecasts (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS – Get Rating) – Equities research analysts at William Blair raised their Q1 2023 earnings per share (EPS) estimates for shares of Arhaus in a report released on Friday, March 10th. William Blair analyst P. Blee now expects that the company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.16. The consensus estimate for Arhaus’ current full-year earnings is $0.87 per share. William Blair also issued estimates for Arhaus’ Q2 2023 earnings at $0.25 EPS, Q3 2023 earnings at $0.14 EPS, Q4 2023 earnings at $0.13 EPS and FY2024 earnings at $0.84 EPS.

ARHS has been the subject of a number of other reports. Robert W. Baird decreased their price objective on shares of Arhaus from $13.00 to $12.00 in a research report on Friday. Morgan Stanley raised their target price on shares of Arhaus from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 17th. Barclays cut their price target on shares of Arhaus from $16.00 to $14.00 in a report on Friday. Telsey Advisory Group raised their price target on shares of Arhaus from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, March 6th. Finally, Piper Sandler decreased their target price on shares of Arhaus from $16.00 to $13.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Arhaus currently has a consensus rating of “Moderate Buy” and an average target price of $13.64.

Arhaus Trading Down 7.8 %

Shares of ARHS opened at $9.44 on Monday. The company has a market capitalization of $1.32 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.67 and a beta of 2.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 1.14. The stock has a fifty day moving average of $13.16 and a two-hundred day moving average of $10.23. Arhaus has a fifty-two week low of $4.23 and a fifty-two week high of $15.27.

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in ARHS. Acadian Asset Management LLC purchased a new position in Arhaus during the 1st quarter valued at about $749,000. Blair William & Co. IL raised its stake in Arhaus by 38.9% during the first quarter. Blair William & Co. IL now owns 36,611 shares of the company’s stock valued at $312,000 after purchasing an additional 10,258 shares in the last quarter. Lazard Asset Management LLC increased its position in Arhaus by 56.6% during the first quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock valued at $75,000 after acquiring an additional 3,213 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Arhaus by 136.8% in the first quarter. Northern Trust Corp now owns 87,684 shares of the company’s stock worth $747,000 after purchasing an additional 50,659 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Arhaus during the 1st quarter worth about $1,905,000. Institutional investors own 30.55% of the company’s stock.

Arhaus Company Profile

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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.