Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, January 8th.
According to Zacks, “Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including six manufacturing facilities in the United States plus a plant in Mexico and one in Honduras. Approximately seventy percent of its products are made in its North American plants. “
Several other equities research analysts also recently commented on the company. Stifel Nicolaus raised their target price on Ethan Allen Interiors from $27.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Friday, October 13th. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Finally, KeyCorp restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Ethan Allen Interiors has an average rating of “Hold” and a consensus target price of $32.20.
Shares of Ethan Allen Interiors (NYSE ETH) traded up $0.70 during trading hours on Monday, hitting $27.40. The company had a trading volume of 400,231 shares, compared to its average volume of 372,085. The stock has a market cap of $716.99, a P/E ratio of 23.83, a P/E/G ratio of 1.66 and a beta of 1.40. Ethan Allen Interiors has a 1-year low of $25.40 and a 1-year high of $33.92.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $181.30 million. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. research analysts forecast that Ethan Allen Interiors will post 1.68 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ETH. Tiedemann Wealth Management LLC grew its position in shares of Ethan Allen Interiors by 39.5% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 28,231 shares of the company’s stock worth $244,000 after acquiring an additional 8,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $259,000. Fox Run Management L.L.C. acquired a new position in shares of Ethan Allen Interiors in the 4th quarter worth approximately $311,000. SG Americas Securities LLC grew its position in shares of Ethan Allen Interiors by 180.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after acquiring an additional 6,986 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. grew its position in shares of Ethan Allen Interiors by 24.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock worth $370,000 after acquiring an additional 2,223 shares in the last quarter.
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Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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