Arhaus (ARHS) Set to Announce Quarterly Earnings on Thursday

Posted by Defense World Staff on Apr 27th, 2023

Arhaus (NASDAQ:ARHS – Get Rating) will announce its earnings results before the market opens on Thursday, May 4th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Arhaus has set its FY 2023 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Arhaus (NASDAQ:ARHS – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. Arhaus had a return on equity of 97.89% and a net margin of 11.12%. The firm had revenue of $356.33 million during the quarter, compared to analysts’ expectations of $354.31 million. On average, analysts expect Arhaus to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arhaus Trading Down 2.6 %

Shares of ARHS stock opened at $7.48 on Thursday. Arhaus has a fifty-two week low of $4.23 and a fifty-two week high of $15.27. The stock has a market cap of $1.05 billion, a P/E ratio of 7.63 and a beta of 2.27. The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.19. The company has a quick ratio of 0.51, a current ratio of 1.28 and a debt-to-equity ratio of 0.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ARHS shares. Piper Sandler dropped their price target on Arhaus from $16.00 to $13.00 in a research report on Friday, March 10th. Bank of America raised their price objective on Arhaus from $12.00 to $16.50 in a report on Wednesday, January 11th. Morgan Stanley cut their price objective on Arhaus from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, March 13th. TD Cowen started coverage on Arhaus in a report on Wednesday, April 5th. They set an “outperform” rating and a $11.00 target price on the stock. Finally, Robert W. Baird dropped their target price on Arhaus from $13.00 to $12.00 in a report on Friday, March 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.36.

Insider Transactions at Arhaus

In other news, insider Dawn Sparks sold 75,000 shares of Arhaus stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $8.51, for a total transaction of $638,250.00. Following the transaction, the insider now owns 378,414 shares in the company, valued at $3,220,303.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arhaus news, Director Alton F. Doody III acquired 11,500 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average price of $8.84 per share, with a total value of $101,660.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at $309,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dawn Sparks sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $8.51, for a total value of $638,250.00. Following the completion of the transaction, the insider now directly owns 378,414 shares of the company’s stock, valued at approximately $3,220,303.14. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently modified their holdings of ARHS. Vanguard Group Inc. boosted its position in Arhaus by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,844,836 shares of the company’s stock valued at $13,006,000 after buying an additional 168,662 shares during the last quarter. Millennium Management LLC raised its stake in shares of Arhaus by 985.9% in the 2nd quarter. Millennium Management LLC now owns 622,610 shares of the company’s stock valued at $2,802,000 after purchasing an additional 565,276 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Arhaus in the 4th quarter valued at about $5,976,000. Bank of America Corp DE grew its holdings in shares of Arhaus by 11.5% in the 4th quarter. Bank of America Corp DE now owns 587,263 shares of the company’s stock valued at $5,726,000 after acquiring an additional 60,681 shares in the last quarter. Finally, Chimera Capital Management LLC bought a new position in shares of Arhaus in the 4th quarter valued at about $4,511,000. 30.55% of the stock is owned by institutional investors and hedge funds.

About Arhaus

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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.