Telsey Advisory Group Upgrades Arhaus (NASDAQ:ARHS) to Outperform

Arhaus (NASDAQ:ARHS) was upgraded by equities researchers at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a $12.00 target price on the stock, up from their prior target price of $11.00. Telsey Advisory Group’s price objective suggests a potential upside of 25.26% from the stock’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 subject of several other reports. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. TD Cowen decreased their price target on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays dropped their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Arhaus in a research note on Wednesday, October 9th. Finally, Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Trading Down 1.1 %

Shares of NASDAQ ARHS traded down $0.11 during midday trading on Thursday, reaching $9.58. 1,229,607 shares of the stock were exchanged, compared to its average volume of 1,301,684. The stock has a market capitalization of $1.35 billion, a P/E ratio of 17.11, a PEG ratio of 12.85 and a beta of 2.58. Arhaus has a twelve month low of $8.22 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The company has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $13.69.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, equities analysts expect that Arhaus will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARHS. Price T Rowe Associates Inc. MD bought a new position in Arhaus in the first quarter valued at about $8,326,000. Sei Investments Co. boosted its holdings in shares of Arhaus by 192.7% during the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after acquiring an additional 252,192 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Arhaus by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock worth $2,605,000 after purchasing an additional 112,583 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Arhaus by 142.4% in the first quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock valued at $4,794,000 after buying an additional 182,979 shares during the period. Finally, Carnegie Investment Counsel boosted its holdings in Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after acquiring an additional 188,240 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

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.