William Blair Analysts Increase Earnings Estimates for Arhaus, Inc. (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS) – Equities research analysts at William Blair raised their FY2023 earnings per share (EPS) estimates for Arhaus in a report issued on Thursday, November 2nd. William Blair analyst P. Blee now forecasts that the company will earn $0.84 per share for the year, up from their previous forecast of $0.82. The consensus estimate for Arhaus’ current full-year earnings is $0.84 per share. William Blair also issued estimates for Arhaus’ Q4 2023 earnings at $0.16 EPS and FY2024 earnings at $0.85 EPS.

Several other brokerages have also commented on ARHS. Barclays upped their price target on Arhaus from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a research report on Monday, October 30th. Craig Hallum upped their target price on Arhaus from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Piper Sandler decreased their target price on Arhaus from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Guggenheim upped their target price on Arhaus from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Arhaus Stock Performance

Shares of NASDAQ:ARHS opened at $8.61 on Monday. The firm has a market capitalization of $1.21 billion, a PE ratio of 8.52 and a beta of 2.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.51 and a quick ratio of 0.66. The business has a 50-day moving average of $9.27 and a two-hundred day moving average of $9.38. Arhaus has a 12 month low of $6.75 and a 12 month high of $15.27.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The company had revenue of $312.90 million during the quarter, compared to analyst estimates of $326.27 million. Arhaus had a return on equity of 71.15% and a net margin of 12.23%.

Insider Activity at Arhaus

In related news, major shareholder Fs Capital Partners Vi, Llc sold 13,800,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $10.00, for a total value of $138,000,000.00. Following the completion of the transaction, the insider now owns 16,724,202 shares of the company’s stock, valued at $167,242,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Olympiad Research LP bought a new position in Arhaus during the 3rd quarter worth approximately $179,000. Summit Creek Advisors LLC lifted its holdings in Arhaus by 8.3% during the 3rd quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company’s stock worth $12,481,000 after buying an additional 102,402 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in Arhaus by 120.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,035,212 shares of the company’s stock worth $9,627,000 after buying an additional 565,320 shares during the last quarter. Emerald Advisers LLC lifted its holdings in Arhaus by 71.1% during the 3rd quarter. Emerald Advisers LLC now owns 1,278,004 shares of the company’s stock worth $11,885,000 after buying an additional 530,893 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in Arhaus during the 3rd quarter worth approximately $6,016,000. Institutional investors own 23.49% of the company’s stock.

About Arhaus

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, modular storage, etc.; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.