Ethan Allen Interiors (ETH) Stock Rating Upgraded by Zacks Investment Research
Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
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 research firms also recently issued reports on ETH. Stifel Nicolaus upped their price objective 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 reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. TheStreet downgraded shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Finally, Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.40.
Ethan Allen Interiors (ETH) traded down $0.35 during mid-day trading on Monday, reaching $27.75. 247,900 shares of the company’s stock traded hands, compared to its average volume of 234,850. The company has a market capitalization of $762.32, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. Ethan Allen Interiors has a 12 month low of $26.45 and a 12 month high of $35.60.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $181.30 million during the quarter, compared to the consensus estimate of $181.30 million. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. equities research analysts forecast that Ethan Allen Interiors will post 1.67 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $1,554,000. California Public Employees Retirement System boosted its holdings in Ethan Allen Interiors by 9.2% in the 3rd quarter. California Public Employees Retirement System now owns 68,161 shares of the company’s stock valued at $2,208,000 after purchasing an additional 5,761 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Ethan Allen Interiors in the 3rd quarter valued at $457,000. Jane Street Group LLC boosted its holdings in Ethan Allen Interiors by 105.4% in the 3rd quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock valued at $435,000 after purchasing an additional 263,436 shares during the period. Finally, Uniplan Investment Counsel Inc. boosted its holdings in Ethan Allen Interiors by 25.0% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 196,866 shares of the company’s stock valued at $6,378,000 after purchasing an additional 39,327 shares during the period. 99.41% 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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