Arhaus (NASDAQ:ARHS) Announces Earnings Results

Arhaus (NASDAQ:ARHS) issued its earnings results on Thursday. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04, Briefing.com reports. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Arhaus updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Arhaus Stock Performance

NASDAQ ARHS opened at $12.66 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The business has a fifty day moving average of $16.50 and a 200-day moving average of $15.09. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57.

Insider Activity

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

Wall Street Analysts Forecast Growth

ARHS has been the subject of several recent analyst reports. Craig Hallum reduced their price objective on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. Barclays reduced their price target on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Robert W. Baird lowered their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group downgraded Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $16.00 in a research note on Monday, July 8th. Finally, Stifel Nicolaus initiated coverage on Arhaus in a research report on Tuesday, July 9th. They set a “buy” rating and a $19.50 target price on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.65.

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.