Arhaus (NASDAQ:ARHS) Stock Rating Lowered by Telsey Advisory Group

Arhaus (NASDAQ:ARHS) was downgraded by 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 target price on the stock, down from their previous target price of $12.00. Telsey Advisory Group’s target price would indicate a potential upside of 13.40% from the stock’s current price. 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.

ARHS has been the subject of a number of other research reports. Stifel Nicolaus cut their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. Jefferies Financial Group reissued a “hold” rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. TD Cowen reduced their target price on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Wedbush initiated coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and an average target price of $13.10.

Arhaus Trading Up 6.4 %

Shares of ARHS opened at $9.70 on Friday. The stock’s 50-day moving average is $10.70 and its two-hundred day moving average is $13.81. The stock has a market cap of $1.36 billion, a PE ratio of 15.40, a P/E/G 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 company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. Equities analysts forecast that Arhaus will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in shares of Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after buying an additional 1,416 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Arhaus in the 2nd quarter valued at $30,000. California State Teachers Retirement System boosted its position in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock valued at $552,000 after buying an additional 5,178 shares during the period. Sequoia Financial Advisors LLC boosted its position in Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock valued at $1,403,000 after buying an additional 5,577 shares during the period. Finally, Privium Fund Management B.V. boosted its position in Arhaus by 34.7% during the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock valued at $268,000 after buying an additional 5,600 shares during the period. Institutional investors own 27.88% of the company’s stock.

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.