Ethan Allen Interiors Inc. (ETH) Receives Average Recommendation of “Buy” from Analysts
Ethan Allen Interiors Inc. (NYSE:ETH) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $33.25.
A number of brokerages have issued reports on ETH. BidaskClub downgraded Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. TheStreet raised Ethan Allen Interiors from a “c+” rating to a “b-” rating in a report on Thursday, June 29th.
Shares of Ethan Allen Interiors (ETH) traded up 0.99% during midday trading on Friday, hitting $30.60. The company had a trading volume of 211,520 shares. The firm has a market capitalization of $839.88 million, a PE ratio of 23.72 and a beta of 1.17. Ethan Allen Interiors has a 12 month low of $26.75 and a 12 month high of $38.80. The company has a 50-day moving average of $30.27 and a 200 day moving average of $29.94.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, July 26th. The company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The firm had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $194.94 million. During the same period in the previous year, the firm posted $0.57 EPS. Ethan Allen Interiors’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, analysts expect that Ethan Allen Interiors will post $1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, October 6th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 58.92%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Ethan Allen Interiors by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock valued at $153,000 after purchasing an additional 180 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 7.2% in the 1st quarter. Mason Street Advisors LLC now owns 5,957 shares of the company’s stock valued at $183,000 after purchasing an additional 398 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Ethan Allen Interiors by 44.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,084 shares of the company’s stock valued at $228,000 after purchasing an additional 2,184 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Ethan Allen Interiors by 4.4% in the 1st quarter. Bank of Montreal Can now owns 8,062 shares of the company’s stock valued at $247,000 after purchasing an additional 341 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Ethan Allen Interiors by 8.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock valued at $276,000 after purchasing an additional 630 shares during the last quarter. 99.41% of the stock is owned by institutional investors.
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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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