Q2 2023 EPS Estimates for Arhaus, Inc. Lifted by Analyst (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHSGet Rating) – Investment analysts at Jefferies Financial Group lifted their Q2 2023 earnings per share (EPS) estimates for Arhaus in a research report issued on Monday, January 9th. Jefferies Financial Group analyst J. Matuszewski now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.26. The consensus estimate for Arhaus’ current full-year earnings is $0.84 per share. Jefferies Financial Group also issued estimates for Arhaus’ Q3 2023 earnings at $0.27 EPS and FY2024 earnings at $0.99 EPS.

A number of other research firms have also commented on ARHS. Bank of America increased their price objective on Arhaus from $12.00 to $16.50 in a research note on Wednesday. William Blair reissued an “outperform” rating on shares of Arhaus in a research note on Friday, October 28th. Morgan Stanley raised their price target on Arhaus from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. Robert W. Baird raised their price target on Arhaus from $12.00 to $13.00 in a research note on Tuesday. Finally, Telsey Advisory Group raised their price target on Arhaus from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.79.

Arhaus Stock Up 5.4 %

ARHS opened at $12.87 on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.80 billion, a P/E ratio of 18.13, a PEG ratio of 0.84 and a beta of 2.40. Arhaus has a 52 week low of $4.23 and a 52 week high of $13.06. The business’s fifty day simple moving average is $9.63 and its 200 day simple moving average is $8.02.

Arhaus (NASDAQ:ARHSGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $320.03 million for the quarter, compared to analyst estimates of $293.10 million. Arhaus had a return on equity of 101.46% and a net margin of 8.82%.

Hedge Funds Weigh In On Arhaus

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG acquired a new position in shares of Arhaus in the 1st quarter valued at about $36,000. Quantbot Technologies LP acquired a new position in shares of Arhaus in the 2nd quarter valued at about $29,000. Lazard Asset Management LLC raised its holdings in shares of Arhaus by 56.6% during the 1st quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock valued at $75,000 after buying an additional 3,213 shares during the period. Virtu Financial LLC purchased a new stake in shares of Arhaus during the 2nd quarter valued at about $45,000. Finally, PDT Partners LLC purchased a new stake in shares of Arhaus during the 2nd quarter valued at about $48,000. 30.55% of the stock is owned by institutional investors and hedge funds.

About Arhaus

(Get Rating)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

Featured Stories

Earnings History and Estimates for Arhaus (NASDAQ:ARHS)

Receive News & Ratings for Arhaus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arhaus and related companies with MarketBeat.com's FREE daily email newsletter.