Arhaus (NASDAQ:ARHS) Posts Earnings Results, Beats Estimates By $0.03 EPS

Arhaus (NASDAQ:ARHS) released its quarterly earnings data on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03, Briefing.com reports. The company had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. Arhaus updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Arhaus Stock Up 4.6 %

NASDAQ:ARHS traded up $0.56 on Friday, hitting $12.66. The stock had a trading volume of 2,463,332 shares, compared to its average volume of 1,263,945. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The stock has a market cap of $1.78 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57. Arhaus has a 1 year low of $7.56 and a 1 year high of $19.81. The firm’s fifty day simple moving average is $16.50 and its two-hundred day simple moving average is $15.07.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Craig Hallum dropped their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird dropped their price target on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus assumed coverage on shares of Arhaus in a research report on Tuesday, July 9th. They issued a “buy” rating and a $19.50 price target on the stock. Finally, Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $16.00 in a research report on Monday, July 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.59.

Insider Buying and Selling at Arhaus

In other news, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares in the company, valued at approximately $9,476,558.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,960 shares of company stock worth $2,978,281. Insiders own 1.52% of the company’s stock.

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.