William Blair Comments on Arhaus, Inc.’s FY2024 Earnings (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS) – William Blair reduced their FY2024 earnings estimates for shares of Arhaus in a note issued to investors on Tuesday, July 30th. William Blair analyst P. Blee now forecasts that the company will earn $0.75 per share for the year, down from their prior forecast of $0.76. The consensus estimate for Arhaus’ current full-year earnings is $0.76 per share. William Blair also issued estimates for Arhaus’ FY2025 earnings at $0.95 EPS.

ARHS has been the subject of a number of other reports. Robert W. Baird lifted their price objective on shares of Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Piper Sandler reiterated an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. 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. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a research note on Thursday, May 9th. Finally, Stifel Nicolaus initiated coverage on shares of Arhaus in a research note on Tuesday, July 9th. They set a “buy” rating and a $19.50 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus has a consensus rating of “Moderate Buy” and a consensus target price of $16.77.

Arhaus Stock Down 0.1 %

Shares of NASDAQ:ARHS opened at $13.66 on Thursday. The firm has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $14.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. Arhaus has a one year low of $7.56 and a one year high of $19.81. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.36 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The firm had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its position in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after buying an additional 5,233,776 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Arhaus by 11.8% in the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after buying an additional 463,749 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Arhaus by 0.6% in the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after buying an additional 8,824 shares during the last quarter. Summit Creek Advisors LLC raised its position in shares of Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after buying an additional 8,461 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Arhaus by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company’s stock valued at $20,919,000 after buying an additional 48,406 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arhaus

In related news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s 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 sale, 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 ninety days, insiders sold 157,960 shares of company stock worth $2,978,281. Company 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.