Ethan Allen Interiors’ (ETD) “Market Perform” Rating Reiterated at Telsey Advisory Group

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $28.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 12.27% from the stock’s current price.

ETD has been the topic of a number of other reports. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $28.00.

Ethan Allen Interiors Stock Up 3.1%

Shares of NYSE:ETD opened at $24.94 on Thursday. The business has a fifty day simple moving average of $23.63 and a 200-day simple moving average of $26.79. Ethan Allen Interiors has a 52 week low of $21.67 and a 52 week high of $32.61. The company has a market cap of $634.62 million, a P/E ratio of 13.48 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.The firm had revenue of $146.98 million for the quarter, compared to analyst estimates of $149.15 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Sell-side analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its stake in shares of Ethan Allen Interiors by 5.1% during the second quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock valued at $217,000 after acquiring an additional 377 shares during the last quarter. IFP Advisors Inc boosted its stake in Ethan Allen Interiors by 44.0% during the second quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock worth $36,000 after acquiring an additional 399 shares in the last quarter. Dakota Wealth Management increased its position in Ethan Allen Interiors by 2.5% in the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock valued at $400,000 after buying an additional 430 shares in the last quarter. Unison Advisors LLC raised its position in shares of Ethan Allen Interiors by 1.5% during the second quarter. Unison Advisors LLC now owns 31,330 shares of the company’s stock worth $873,000 after purchasing an additional 458 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Ethan Allen Interiors by 6.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock worth $253,000 after acquiring an additional 500 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.