Zacks Investment Research upgraded shares of Ethan Allen Interiors (NYSE:ETH) from a sell rating to a hold rating in a report released on Tuesday morning.
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 brokerages also recently weighed in on ETH. Stifel Nicolaus increased their price target on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a hold rating in a report on Thursday, October 26th. KeyCorp reiterated a hold rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. Dougherty & Co upgraded shares of Ethan Allen Interiors from a neutral rating to a buy rating and set a $35.00 price target on the stock in a report on Friday, October 13th. TheStreet downgraded shares of Ethan Allen Interiors from a b rating to a c+ rating in a report on Friday, October 27th. Finally, BidaskClub cut shares of Ethan Allen Interiors from a buy rating to a hold rating in a research note on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Ethan Allen Interiors currently has a consensus rating of Buy and a consensus price target of $33.50.
Ethan Allen Interiors (NYSE ETH) opened at $28.45 on Tuesday. Ethan Allen Interiors has a fifty-two week low of $26.45 and a fifty-two week high of $38.80. The stock has a market cap of $782.92, a PE ratio of 21.59, a PEG ratio of 1.86 and a beta of 1.41.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The firm 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 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. research analysts forecast that Ethan Allen Interiors will post 1.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.67%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 66.09%.
Several large investors have recently made changes to their positions in ETH. Dynamic Technology Lab Private Ltd purchased a new position in Ethan Allen Interiors in the 3rd quarter valued at $259,000. Municipal Employees Retirement System of Michigan raised its holdings in shares of Ethan Allen Interiors by 8.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock worth $276,000 after acquiring an additional 630 shares during the period. SG Americas Securities LLC raised its holdings in shares of Ethan Allen Interiors by 180.1% during 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 during the period. Financial Engines Advisors L.L.C. raised its holdings in shares of Ethan Allen Interiors by 24.2% during 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 during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Ethan Allen Interiors by 30.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,719 shares of the company’s stock worth $379,000 after acquiring an additional 2,729 shares during the period. Hedge funds and other institutional investors own 99.41% of the company’s stock.
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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