Arhaus, Inc. (NASDAQ:ARHS – Get Rating) – William Blair decreased their Q1 2023 earnings per share estimates for Arhaus in a report released on Monday, April 24th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.24. The consensus estimate for Arhaus’ current full-year earnings is $0.77 per share.
A number of other equities analysts also recently issued reports on the company. TD Cowen started coverage on Arhaus in a research report on Wednesday, April 5th. They set an “outperform” rating and a $11.00 price objective for the company. Telsey Advisory Group raised their price objective on Arhaus from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Monday, March 6th. Bank of America raised their price objective on Arhaus from $12.00 to $16.50 in a research report on Wednesday, January 11th. Piper Sandler decreased their target price on Arhaus from $16.00 to $13.00 in a research note on Friday, March 10th. Finally, Robert W. Baird decreased their target price on Arhaus from $13.00 to $12.00 in a research note on Friday, March 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $13.36.
Arhaus Price Performance
Arhaus (NASDAQ:ARHS – Get Rating) last posted its earnings results on Thursday, March 9th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. The firm had revenue of $356.33 million during the quarter, compared to the consensus estimate of $354.31 million. Arhaus had a return on equity of 97.89% and a net margin of 11.12%.
Insider Buying and Selling
In other news, Director Alton F. Doody III acquired 11,500 shares of Arhaus stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of $8.84 per share, with a total value of $101,660.00. Following the completion of the purchase, the director now owns 35,000 shares of the company’s stock, valued at approximately $309,400. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Arhaus news, insider Dawn Sparks sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $8.51, for a total value of $638,250.00. Following the completion of the sale, the insider now owns 378,414 shares of the company’s stock, valued at $3,220,303.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alton F. Doody III acquired 11,500 shares of Arhaus stock in a transaction on Thursday, March 16th. The stock was purchased at an average cost of $8.84 per share, with a total value of $101,660.00. Following the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $309,400. The disclosure for this purchase can be found here. 1.52% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Arhaus
Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Arhaus in the second quarter valued at approximately $29,000. UBS Group AG bought a new position in shares of Arhaus in the first quarter valued at approximately $36,000. Virtu Financial LLC bought a new position in shares of Arhaus in the second quarter valued at approximately $45,000. PDT Partners LLC bought a new position in shares of Arhaus in the second quarter valued at approximately $48,000. Finally, Principal Financial Group Inc. bought a new position in shares of Arhaus in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 30.55% of the company’s stock.
About Arhaus
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 Articles
- Get a free copy of the StockNews.com research report on Arhaus (ARHS)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
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.
