Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and 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. “
A number of other research firms have also weighed in on ETH. Stifel Nicolaus raised their price objective on Ethan Allen Interiors from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. TheStreet downgraded Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, October 13th. Five investment 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’s stock. Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $30.80.
Ethan Allen Interiors (NYSE:ETH) traded down $0.50 during midday trading on Monday, reaching $24.40. The company’s stock had a trading volume of 368,429 shares, compared to its average volume of 374,357. Ethan Allen Interiors has a 1-year low of $24.25 and a 1-year high of $33.12. The stock has a market cap of $670.41, a PE ratio of 16.71, a P/E/G ratio of 1.63 and a beta of 1.16.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The business had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $198.50 million. During the same quarter last year, the business posted $0.39 EPS. The business’s revenue was up 2.0% on a year-over-year basis. equities analysts expect that Ethan Allen Interiors will post 1.6 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of ETH. Schwab Charles Investment Management Inc. increased its position in shares of Ethan Allen Interiors by 23.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 207,599 shares of the company’s stock worth $6,706,000 after purchasing an additional 39,541 shares in the last quarter. First Trust Advisors LP increased its position in shares of Ethan Allen Interiors by 7.3% in the 2nd quarter. First Trust Advisors LP now owns 54,408 shares of the company’s stock valued at $1,757,000 after acquiring an additional 3,710 shares during the period. Rhumbline Advisers increased its position in shares of Ethan Allen Interiors by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 55,196 shares of the company’s stock valued at $1,783,000 after acquiring an additional 2,231 shares during the period. Legal & General Group Plc increased its position in shares of Ethan Allen Interiors by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 45,875 shares of the company’s stock valued at $1,481,000 after acquiring an additional 3,535 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in Ethan Allen Interiors by 30.4% in the second quarter. BNP Paribas Arbitrage SA now owns 11,719 shares of the company’s stock valued at $379,000 after purchasing an additional 2,729 shares during the last quarter. 99.41% of the stock is currently owned by institutional investors and hedge funds.
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About Ethan Allen Interiors
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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