Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
ETH has been the topic of a number of other research reports. BidaskClub downgraded Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. TheStreet cut Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $27.00 price target on shares of Ethan Allen Interiors in a research note on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.50.
Shares of Ethan Allen Interiors (NYSE:ETH) traded down $0.05 during trading on Tuesday, reaching $28.45. The company’s stock had a trading volume of 173,248 shares, compared to its average volume of 332,274. The company has a market cap of $782.92, a P/E ratio of 21.86, a PEG ratio of 1.88 and a beta of 1.41. Ethan Allen Interiors has a 12 month low of $26.45 and a 12 month high of $38.80.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the prior year, the company posted $0.41 EPS. Ethan Allen Interiors’s quarterly revenue was down 6.2% on a year-over-year basis. equities analysts forecast that Ethan Allen Interiors will post 1.64 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Tiedemann Wealth Management LLC raised its stake in shares of Ethan Allen Interiors by 39.5% in the third quarter. Tiedemann Wealth Management LLC now owns 28,231 shares of the company’s stock worth $244,000 after purchasing an additional 8,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ethan Allen Interiors in the third quarter worth about $259,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Ethan Allen Interiors by 8.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock worth $276,000 after purchasing an additional 630 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Ethan Allen Interiors by 180.1% in the third quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after purchasing an additional 6,986 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. raised its stake in shares of Ethan Allen Interiors by 24.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock worth $370,000 after purchasing an additional 2,223 shares during the last quarter. Institutional investors own 99.41% of the company’s stock.
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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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