In the last trading session, 2.77 million shares of the Arhaus Inc (NASDAQ:ARHS) were traded, and its beta was 2.42. Most recently the company’s share price was $15.39, and it changed around $0.59 or 3.99% from the last close, which brings the market valuation of the company to $2.16B. ARHS currently trades at a discount to its 52-week high of $15.88, offering almost -3.18% off that amount. The share price’s 52-week low was $6.52, which indicates that the current value has risen by an impressive 57.63% since then. We note from Arhaus Inc’s average daily trading volume that its 10-day average is 2.04 million shares, with the 3-month average coming to 1.09 million.
Arhaus Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.36. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended ARHS as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Arhaus Inc is expected to report earnings per share of $0.02 for the current quarter.
Arhaus Inc (NASDAQ:ARHS) trade information
Instantly ARHS has showed a green trend with a performance of 3.99% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 34.40% year-to-date, but still down -0.52% over the last five days. On the other hand, Arhaus Inc (NASDAQ:ARHS) is 20.65% up in the 30-day period. We can see from the shorts that 4.42 million shares have been sold at a short interest cover period of 3.95 day(s).
The consensus price target as assigned by Wall Street analysts is $14, which translates to bulls needing to decrease their stock price by -9.93% from its current value. Analyst projections state that ARHS is forecast to be at a low of $11 and a high of $16.
Arhaus Inc (ARHS) estimates and forecasts
Arhaus Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 73.68 percent over the past six months and at a -15.56% annual growth rate that is well below the industry average of 3.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -92.00% in revenue this quarter, and will report a decrease of -31.00% in the next quarter. The year-over-year growth rate is expected to be 5.20%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $264.3 million in revenue for the current quarter. 9 analysts expect Arhaus Inc to make $329.92 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $304.57 million and $312.9 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.20%. Forecasts for the next quarter put sales growth at 5.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 81.22%. Arhaus Inc earnings are expected to increase by -17.69% in 2024, but the outlook is positive 7.60% per year for the next five years.
ARHS Dividends
Arhaus Inc’s next quarterly earnings report is expected to be released around May 02 and May 06.
Arhaus Inc (NASDAQ:ARHS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.30% of Arhaus Inc shares, and 74.66% of them are in the hands of institutional investors. The stock currently has a share float of 76.41%. Arhaus Inc stock is held by 177 institutions, with FS Capital Partners VI, LLC being the largest institutional investor. By Dec 30, 2023, it held 23.09% of the shares, which is about 12.28 million shares worth $188.95 million.
Vanguard Group Inc, with 7.38% or 3.92 million shares worth $60.38 million as of Dec 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2023. The former held 1.5 million shares worth $23.13 million, making up 2.83% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 1.02 million shares worth around $15.62 million, which represents about 1.91% of the total shares outstanding.
