Telsey Advisory Group Predicts Weaker Earnings for Arhaus

Arhaus, Inc. (NASDAQ:ARHS) – Analysts at Telsey Advisory Group dropped their FY2024 EPS estimates for Arhaus in a research report issued on Friday, November 8th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $0.40 per share for the year, down from their previous forecast of $0.41. Telsey Advisory Group currently has a “Market Perform” rating and a $11.00 target price on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.46 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.45 EPS.

A number of other equities analysts have also weighed in on ARHS. Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus dropped their price target on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. TD Cowen dropped their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Finally, Wedbush dropped their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and an average price target of $12.80.

Arhaus Stock Performance

NASDAQ:ARHS opened at $9.68 on Monday. The firm has a 50 day simple moving average of $10.65 and a 200-day simple moving average of $13.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The firm has a market cap of $1.36 billion, a PE ratio of 15.37, a P/E/G ratio of 10.79 and a beta of 2.58. Arhaus has a 1-year low of $8.04 and a 1-year high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS.

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after buying an additional 463,749 shares during the period. American Century Companies Inc. boosted 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 valued at $68,785,000 after purchasing an additional 2,219,554 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Arhaus by 0.6% in the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after purchasing an additional 8,824 shares during the period. Emerald Advisers LLC boosted its stake in shares of Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock valued at $16,884,000 after purchasing an additional 32,077 shares during the period. Finally, Summit Creek Advisors LLC boosted its stake in shares of Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after purchasing an additional 8,461 shares during the period. 27.88% of the stock is currently owned by hedge funds and other 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.