Arhaus (NASDAQ:ARHS - Get Free Report) was downgraded by equities research analysts at Telsey Advisory Group from an "outperform" rating to a "market perform" rating in a research note issued on Friday,Briefing.com Automated Import reports. They presently have a $11.00 price objective on the stock, down from their previous price objective of $12.00. Telsey Advisory Group's price objective points to a potential upside of 13.40% from the stock's previous close. Telsey Advisory Group also issued estimates for Arhaus' Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.08 EPS, FY2024 earnings at $0.41 EPS and FY2025 earnings at $0.50 EPS.
Several other analysts have also recently weighed in on ARHS. Jefferies Financial Group reiterated a "hold" rating and issued a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. TD Cowen lowered their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Barclays lowered their price objective on Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Stifel Nicolaus lowered their price target on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday. Finally, Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and cut their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.10.
Read Our Latest Report on ARHS
NASDAQ:ARHS opened at $9.70 on Friday. The stock has a market capitalization of $1.36 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. Arhaus has a 12 month low of $8.04 and a 12 month high of $19.81. The firm's 50 day moving average is $10.70 and its 200 day moving average is $13.81. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17.
Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. During the same period last year, the firm posted $0.29 earnings per share. The business's revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Arhaus will post 0.47 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Arhaus by 11.8% during the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company's stock worth $67,518,000 after acquiring an additional 463,749 shares in the last quarter. American Century Companies Inc. lifted its position in Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company's stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the period. Hood River Capital Management LLC lifted its position in Arhaus by 0.6% during the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company's stock worth $23,813,000 after acquiring an additional 8,824 shares during the period. Emerald Advisers LLC lifted its position in Arhaus by 2.4% during the 3rd quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company's stock worth $16,884,000 after acquiring an additional 32,077 shares during the period. Finally, Summit Creek Advisors LLC lifted its holdings in shares of Arhaus by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company's stock valued at $19,420,000 after buying an additional 8,461 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.
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.
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