William Blair Has Positive Outlook of Arhaus FY2024 Earnings

Arhaus, Inc. (NASDAQ:ARHS) – William Blair raised their FY2024 earnings per share estimates for Arhaus in a note issued to investors on Thursday, January 9th. William Blair analyst P. Blee now anticipates that the company will post earnings per share of $0.45 for the year, up from their prior estimate of $0.44. The consensus estimate for Arhaus’ current full-year earnings is $0.42 per share. William Blair also issued estimates for Arhaus’ Q4 2024 earnings at $0.12 EPS.

Several other equities research analysts have also recently commented on the stock. Wedbush dropped their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Barclays decreased their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Stifel Nicolaus increased their price objective on Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Arhaus Stock Up 0.7 %

Shares of NASDAQ:ARHS opened at $10.94 on Monday. The stock’s 50-day moving average is $9.88 and its 200 day moving average is $11.58. The company has a market cap of $1.54 billion, a PE ratio of 19.54, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81.

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

Institutional Trading of Arhaus

Several large investors have recently modified their holdings of the company. Amalgamated Bank bought a new stake in Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new stake in shares of Arhaus during the 3rd quarter valued at $43,000. Quest Partners LLC increased its stake in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC bought a new position in Arhaus in the 3rd quarter worth $131,000. Finally, Olympiad Research LP purchased a new position in Arhaus during the third quarter valued at $202,000. Institutional investors own 27.88% 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.