Arhaus (ARHS) to Release Quarterly Earnings on Thursday

Arhaus (NASDAQ:ARHS) will be issuing its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Arhaus has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. On average, analysts expect Arhaus to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arhaus Price Performance

NASDAQ ARHS traded up $0.57 during trading on Tuesday, hitting $14.39. 656,518 shares of the stock traded hands, compared to its average volume of 1,202,266. The company has a market capitalization of $2.02 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81. The firm has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $15.06. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. Insiders have sold a total of 157,960 shares of company stock valued at $2,978,281 over the last ninety days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

ARHS has been the topic of several research reports. Stifel Nicolaus began coverage on shares of Arhaus in a research report on Tuesday, July 9th. They issued a “buy” rating and a $19.50 price target on the stock. Jefferies Financial Group cut Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. TD Cowen upped their price objective on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Robert W. Baird lifted their target price on Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $18.00 target price on shares of Arhaus in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.86.

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.