Zacks Investment Research upgraded shares of Ethan Allen Interiors (NYSE:ETH) from a hold rating to a buy rating in a research note issued to investors on Friday, January 19th. They currently have $30.00 target price on the stock.
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. “
Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of Ethan Allen Interiors from a b rating to a c+ rating in a report on Friday, October 27th. Dougherty & Co raised shares of Ethan Allen Interiors from a neutral rating to a buy rating and set a $35.00 price target for the company in a report on Friday, October 13th. Telsey Advisory Group reissued a market perform rating and set a $27.00 price target (down from $33.00) on shares of Ethan Allen Interiors in a report on Wednesday, January 17th. KeyCorp reissued a hold rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. Finally, Stifel Nicolaus reissued a hold rating and set a $27.00 price target on shares of Ethan Allen Interiors in a report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Ethan Allen Interiors presently has an average rating of Hold and an average target price of $30.80.
Shares of Ethan Allen Interiors (ETH) traded down $0.05 during mid-day trading on Friday, hitting $24.95. 381,417 shares of the company were exchanged, compared to its average volume of 400,104. The firm has a market capitalization of $686.90, a P/E ratio of 19.05, a P/E/G ratio of 1.67 and a beta of 1.16. Ethan Allen Interiors has a 12-month low of $23.50 and a 12-month high of $33.13.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The firm had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. analysts forecast that Ethan Allen Interiors will post 1.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 10th. This represents a $0.76 annualized dividend and a yield of 3.05%. Ethan Allen Interiors’s dividend payout ratio is currently 58.02%.
In related news, CFO Corey Whitely bought 1,700 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $24.65 per share, with a total value of $41,905.00. Following the completion of the acquisition, the chief financial officer now owns 12,574 shares in the company, valued at approximately $309,949.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman M Farooq Kathwari bought 4,090 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $24.37 per share, with a total value of $99,673.30. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its position in shares of Ethan Allen Interiors by 23.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 207,599 shares of the company’s stock valued at $6,706,000 after purchasing an additional 39,541 shares during the last quarter. Legal & General Group Plc grew its position in shares of Ethan Allen Interiors by 8.3% in the second quarter. Legal & General Group Plc now owns 45,875 shares of the company’s stock valued at $1,481,000 after purchasing an additional 3,535 shares during the last quarter. Swiss National Bank grew its position in shares of Ethan Allen Interiors by 9.5% in the second quarter. Swiss National Bank now owns 43,800 shares of the company’s stock valued at $1,415,000 after purchasing an additional 3,800 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ethan Allen Interiors by 74.2% in the second quarter. JPMorgan Chase & Co. now owns 33,450 shares of the company’s stock valued at $1,081,000 after purchasing an additional 14,245 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Ethan Allen Interiors by 8.6% in the second quarter. Teachers Advisors LLC now owns 44,643 shares of the company’s stock valued at $1,442,000 after purchasing an additional 3,523 shares during the last quarter. 94.18% of the stock is owned by institutional investors.
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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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