Zacks Research Upgrades Ethan Allen Interiors (NYSE:ETD) to “Hold”

Ethan Allen Interiors (NYSE:ETD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

ETD has been the subject of several other reports. Telsey Advisory Group decreased their target price on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, April 30th. Wall Street Zen upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ethan Allen Interiors has an average rating of “Reduce” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $22.36 on Monday. Ethan Allen Interiors has a 52-week low of $18.28 and a 52-week high of $31.41. The company has a market capitalization of $569.06 million, a PE ratio of 14.15 and a beta of 1.02. The company has a fifty day moving average of $20.99 and a 200-day moving average of $22.41.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $135.84 million for the quarter, compared to the consensus estimate of $134.85 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. On average, equities analysts forecast that Ethan Allen Interiors will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Ethan Allen Interiors by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock valued at $3,171,000 after buying an additional 1,655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after acquiring an additional 538 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after acquiring an additional 88,383 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ethan Allen Interiors by 3.9% in the 2nd quarter. First Trust Advisors LP now owns 81,299 shares of the company’s stock valued at $2,264,000 after purchasing an additional 3,086 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at $682,000. Institutional investors own 83.80% of the company’s stock.

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.