Telsey Advisory Group Analysts Boost Earnings Estimates for Arhaus, Inc. (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS – Get Rating) – Stock analysts at Telsey Advisory Group increased their Q3 2022 earnings estimates for Arhaus in a research note issued on Thursday, May 12th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $0.19 per share for the quarter, up from their previous estimate of $0.18. Telsey Advisory Group currently has a “Outperform” rating and a $12.00 price target on the stock. Telsey Advisory Group also issued estimates for Arhaus’ FY2022 earnings at $0.63 EPS and FY2023 earnings at $0.77 EPS.

Arhaus (NASDAQ:ARHS – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $246.30 million during the quarter, compared to analyst estimates of $234.98 million.

ARHS has been the subject of a number of other research reports. Robert W. Baird decreased their target price on shares of Arhaus from $14.00 to $12.00 in a research report on Thursday, May 12th. Zacks Investment Research downgraded shares of Arhaus from a “hold” rating to a “sell” rating in a research report on Monday, March 28th. Finally, Guggenheim reduced their price objective on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Arhaus currently has a consensus rating of “Buy” and an average price target of $13.47.

NASDAQ:ARHS opened at $6.54 on Monday. The firm’s 50 day moving average price is $7.45. Arhaus has a fifty-two week low of $5.83 and a fifty-two week high of $14.95.

Large investors have recently modified their holdings of the business. Beacon Investment Advisory Services Inc. bought a new stake in shares of Arhaus during the 4th quarter worth $165,000. FS Capital Partners VI LLC purchased a new position in Arhaus during the 4th quarter valued at about $404,445,000. Brown Advisory Inc. purchased a new position in Arhaus during the 4th quarter valued at about $174,000. Lisanti Capital Growth LLC purchased a new position in Arhaus during the 4th quarter valued at about $2,402,000. Finally, Artemis Investment Management LLP purchased a new position in Arhaus during the 4th quarter valued at about $16,026,000. Institutional investors and hedge funds own 92.54% of the company’s stock.

In related news, CMO Jennifer E. Porter acquired 30,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average cost of $6.20 per share, for a total transaction of $186,000.00. Following the purchase, the chief marketing officer now owns 406,027 shares in the company, valued at $2,517,367.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John P. Reed acquired 40,000 shares of the company’s stock in a transaction on Friday, May 13th. The shares were bought at an average price of $6.19 per share, for a total transaction of $247,600.00. Following the completion of the purchase, the chief executive officer now owns 41,000 shares in the company, valued at approximately $253,790. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.

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.

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