Arhaus' (ARHS) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Key Points

• Telsey Advisory Group restated a "market perform" rating for Arhaus (NASDAQ:ARHS) and set a price objective of $10.00, indicating a potential upside of 15.21% from its current stock price.
• Arhaus recently reported quarterly earnings of $0.03 per share, missing expectations of $0.06, while revenues of $311.37 million also fell short of the anticipated $314.76 million.
• Currently, twelve analysts have rated the stock as a hold, while four have assigned it a buy rating, resulting in an average target price of $10.50.

Arhaus (NASDAQ:ARHS - Get Free Report)'s stock had its "market perform" rating restated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday, Marketbeat reports. They presently have a $10.00 price objective on the stock. Telsey Advisory Group's price objective would indicate a potential downside of 10.87% from the stock's previous close. Telsey Advisory Group also issued estimates for Arhaus' FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.46 EPS.

A number of other equities research analysts have also issued reports on the stock. Loop Capital reduced their target price on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Robert W. Baird cut Arhaus from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $13.00 to $8.50 in a research report on Monday, April 7th. Guggenheim dropped their price target on shares of Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen raised Arhaus from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Stifel Nicolaus dropped their price target on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.77.

Arhaus Stock Down 6.4%

Shares of ARHS traded down $0.77 during trading hours on Monday, hitting $11.22. The company had a trading volume of 3,604,486 shares, compared to its average volume of 1,944,835. Arhaus has a one year low of $6.61 and a one year high of $13.97. The company's fifty day moving average price is $8.99 and its two-hundred day moving average price is $9.36. The company has a current ratio of 1.26, a quick ratio of 0.57 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.58 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 6.23 and a beta of 2.56.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The firm had revenue of $358.44 million during the quarter, compared to the consensus estimate of $333.39 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities analysts forecast that Arhaus will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Arhaus by 185.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,150 shares of the company's stock valued at $27,000 after buying an additional 2,045 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Arhaus in the fourth quarter valued at about $58,000. KLP Kapitalforvaltning AS bought a new stake in shares of Arhaus in the fourth quarter valued at approximately $69,000. Cetera Investment Advisers acquired a new position in shares of Arhaus in the 4th quarter worth approximately $99,000. Finally, Freestone Grove Partners LP acquired a new stake in Arhaus in the 4th quarter valued at $113,000. 27.88% of the stock is owned by institutional investors and hedge funds.

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.