Arhaus (NASDAQ:ARHS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Arhaus (NASDAQ:ARHS) announced its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04, Briefing.com reports. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Arhaus updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded up $0.56 during midday trading on Friday, hitting $12.66. The company’s 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 business’s 50 day simple moving average is $16.50 and its 200 day simple moving average is $15.07. The company 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 12-month low of $7.56 and a 12-month high of $19.81.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at $1,316,544.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at $9,476,558.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Insiders sold a total of 157,960 shares of company stock worth $2,978,281 in the last three months. 1.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARHS shares. Piper Sandler reaffirmed an “overweight” rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price target on shares of Arhaus in a research report on Monday, August 5th. Stifel Nicolaus initiated coverage on Arhaus in a report on Tuesday, July 9th. They issued a “buy” rating and a $19.50 price objective on the stock. Barclays cut their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

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.