Brokers Issue Forecasts for Arhaus, Inc.’s FY2024 Earnings (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS) – Telsey Advisory Group dropped their FY2024 earnings per share estimates for Arhaus in a research report issued to clients and investors on Monday, August 5th. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $0.72 per share for the year, down from their previous estimate of $0.79. Telsey Advisory Group has a “Outperform” rating and a $18.00 price objective on the stock. The consensus estimate for Arhaus’ current full-year earnings is $0.76 per share. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $0.84 EPS.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The firm had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million.

ARHS has been the topic of a number of other reports. Robert W. Baird boosted their price objective on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Piper Sandler restated an “overweight” rating and issued a $20.00 target price (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Stifel Nicolaus initiated coverage on Arhaus in a research note on Tuesday, July 9th. They issued a “buy” rating and a $19.50 target price on the stock. TD Cowen upped their target price on Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, May 20th. Finally, Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.86.

Arhaus Stock Performance

NASDAQ:ARHS opened at $12.10 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus has a 52-week low of $7.56 and a 52-week high of $19.81. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.13 and a beta of 2.57. The business’s fifty day moving average is $16.62 and its 200 day moving average is $15.07.

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of ARHS. Wasatch Advisors LP boosted its holdings in Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after acquiring an additional 5,233,776 shares during the period. American Century Companies Inc. boosted its holdings in Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after acquiring an additional 2,219,554 shares during the period. William Blair Investment Management LLC purchased a new stake in Arhaus in the 2nd quarter worth approximately $21,034,000. Vanguard Group Inc. lifted its holdings in Arhaus by 61.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after buying an additional 1,159,856 shares during the period. Finally, Nicholas Investment Partners LP purchased a new stake in Arhaus in the 4th quarter worth approximately $6,487,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arhaus

In other news, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the 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 sale, the insider now owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The disclosure for this sale can be found here. In the last three months, insiders sold 157,960 shares of company stock worth $2,978,281. 1.52% of the stock is currently owned by corporate insiders.

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.