Arhaus (NASDAQ:ARHS) Rating Increased to Outperform at Telsey Advisory Group

Arhaus (NASDAQ:ARHS) was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $12.00 target price on the stock, up from their previous target price of $11.00. Telsey Advisory Group’s price target would suggest a potential upside of 25.26% from the company’s previous close. Telsey Advisory Group also issued estimates for Arhaus’ Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.40 EPS and FY2025 earnings at $0.45 EPS.

ARHS has been the topic of a number of other reports. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Trading Down 1.1 %

Shares of NASDAQ:ARHS traded down $0.11 during mid-day trading on Thursday, hitting $9.58. The company had a trading volume of 1,229,607 shares, compared to its average volume of 1,301,684. The firm has a fifty day moving average price of $10.53 and a 200 day moving average price of $13.69. Arhaus has a one year low of $8.22 and a one year high of $19.81. The company has a market capitalization of $1.35 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 12.85 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share 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 return on equity of 24.92% and a net margin of 6.18%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. As a group, research analysts forecast that Arhaus will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Arhaus

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its position in 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 buying an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Arhaus during the 2nd quarter worth approximately $21,034,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Arhaus during the 1st quarter valued at $8,326,000. Silvercrest Asset Management Group LLC bought a new stake in Arhaus during the first quarter valued at $8,301,000. Finally, Vanguard Group Inc. grew its position 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 in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

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.