Arhaus’ (ARHS) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a report issued on Monday, Benzinga reports. The firm currently has a $18.00 price target on the stock. Telsey Advisory Group also issued estimates for Arhaus’ Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $0.72 EPS and FY2025 earnings at $0.84 EPS.

Several other research analysts have also commented on ARHS. Stifel Nicolaus started coverage on Arhaus in a research report on Tuesday, July 9th. They issued a buy rating and a $19.50 price objective on the stock. Robert W. Baird raised their target price on Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a report on Friday, May 10th. Jefferies Financial Group lowered Arhaus from a buy rating to a hold rating and reduced their price target for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. TD Cowen increased their price objective on shares of Arhaus from $18.00 to $19.00 and gave the company a buy rating in a research report on Monday, May 20th. Finally, Piper Sandler reaffirmed an overweight rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $16.86.

Arhaus Stock Down 12.6 %

ARHS opened at $12.10 on Monday. Arhaus has a 1 year low of $7.56 and a 1 year high of $19.81. The firm has a 50 day moving average price of $16.62 and a 200 day moving average price of $15.07. 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 company has a market cap of $1.70 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The company had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. Sell-side analysts expect that Arhaus will post 0.76 earnings per share for the current year.

Insider Activity

In related news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction dated Thursday, June 6th. The stock was 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 $1,316,544.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the insider now directly owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,960 shares of company stock worth $2,978,281. 1.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arhaus

A number of institutional investors have recently modified their holdings of ARHS. Vanguard Group Inc. lifted its holdings in Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after acquiring an additional 1,159,856 shares during the last quarter. Sapient Capital LLC bought a new stake in shares of Arhaus in the 4th quarter worth approximately $118,000. Voss Capital LLC boosted its position in Arhaus by 23.0% during the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after purchasing an additional 115,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Arhaus by 68.0% during the 4th 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 during the period. Finally, Cornerstone Investment Partners LLC bought a new position in Arhaus during the 4th quarter worth $198,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

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.