Shares of Ethan Allen Interiors Inc. (NYSE:ETH) have received an average recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $31.00.
A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, January 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price target (down previously from $33.00) on shares of Ethan Allen Interiors in a report on Wednesday, January 17th. Finally, Stifel Nicolaus lowered their target price on shares of Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 25th.
Ethan Allen Interiors (NYSE:ETH) traded up $0.35 during midday trading on Tuesday, hitting $24.95. 169,639 shares of the company traded hands, compared to its average volume of 370,398. The firm has a market cap of $685.53, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. Ethan Allen Interiors has a twelve month low of $23.50 and a twelve month high of $33.12.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $198.50 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that Ethan Allen Interiors will post 1.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio is presently 58.02%.
In other news, CFO Corey Whitely bought 1,700 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $24.65 per share, with a total value of $41,905.00. Following the completion of the purchase, the chief financial officer now directly owns 12,574 shares of the company’s stock, valued at $309,949.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman M Farooq Kathwari bought 4,090 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased 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. 10.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in Ethan Allen Interiors by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock valued at $627,000 after purchasing an additional 225 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Ethan Allen Interiors by 1.5% during the second quarter. TIAA CREF Investment Management LLC now owns 87,672 shares of the company’s stock valued at $2,832,000 after buying an additional 1,264 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Ethan Allen Interiors by 8.4% during the second quarter. Voya Investment Management LLC now owns 20,074 shares of the company’s stock valued at $648,000 after buying an additional 1,550 shares during the last quarter. Boston Private Wealth LLC grew its holdings in shares of Ethan Allen Interiors by 5.4% during the third quarter. Boston Private Wealth LLC now owns 35,643 shares of the company’s stock valued at $1,155,000 after buying an additional 1,838 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. grew its holdings in shares of Ethan Allen Interiors by 24.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock valued at $370,000 after buying an additional 2,223 shares during the last quarter. 97.66% of the stock is owned by institutional investors and hedge funds.
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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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