FY2024 EPS Estimates for Arhaus, Inc. (NASDAQ:ARHS) Lifted by Analyst

Arhaus, Inc. (NASDAQ:ARHS - Free Report) - Telsey Advisory Group increased their FY2024 earnings per share (EPS) estimates for Arhaus in a note issued to investors on Thursday, May 9th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $0.79 for the year, up from their previous forecast of $0.78. Telsey Advisory Group has a "Outperform" rating and a $17.00 price objective on the stock. The consensus estimate for Arhaus' current full-year earnings is $0.75 per share. Telsey Advisory Group also issued estimates for Arhaus' Q4 2024 earnings at $0.33 EPS and FY2025 earnings at $0.90 EPS.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. Arhaus had a return on equity of 34.10% and a net margin of 8.30%. The company had revenue of $295.16 million during the quarter, compared to analysts' expectations of $263.23 million.

Several other equities analysts have also issued reports on ARHS. Robert W. Baird boosted their target price on Arhaus from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America boosted their target price on Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $20.00 target price (up from $19.00) on shares of Arhaus in a report on Friday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Arhaus has an average rating of "Moderate Buy" and an average target price of $16.25.

Arhaus Trading Up 0.5 %

Shares of Arhaus stock traded up $0.08 during trading on Monday, hitting $16.40. 2,111,776 shares of the company were exchanged, compared to its average volume of 1,136,665. The firm has a market capitalization of $2.30 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 2.86 and a beta of 2.48. Arhaus has a 1-year low of $6.75 and a 1-year high of $16.75. The firm's fifty day moving average price is $14.62 and its 200 day moving average price is $12.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in Arhaus in the 3rd quarter worth $53,000. National Bank of Canada FI raised its position in shares of Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock valued at $74,000 after buying an additional 5,500 shares during the last quarter. Barclays PLC raised its position in shares of Arhaus by 65.4% during the third quarter. Barclays PLC now owns 7,092 shares of the company's stock valued at $66,000 after buying an additional 2,803 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock valued at $106,000 after purchasing an additional 3,635 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in Arhaus during the fourth quarter worth $118,000. Institutional investors own 27.88% of the company's stock.

Arhaus Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.