Ethan Allen Interiors (NYSE:ETD) Stock Rating Lowered by Zacks Research

Ethan Allen Interiors (NYSE:ETD) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group reduced their target price on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Finally, Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Sell” and an average target price of $24.00.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $18.85 on Thursday. Ethan Allen Interiors has a 52 week low of $18.28 and a 52 week high of $31.41. The company’s fifty day moving average is $21.78 and its 200-day moving average is $23.07. The company has a market capitalization of $479.61 million, a PE ratio of 11.93 and a beta of 1.04.

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

Hedge Funds Weigh In On Ethan Allen Interiors

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after buying an additional 2,398 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Ethan Allen Interiors by 132.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after buying an additional 2,219 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $88,000. CWM LLC grew its position in shares of Ethan Allen Interiors by 391.4% during the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $125,000 after buying an additional 3,374 shares during the period. Finally, AlphaQuest LLC grew its position in shares of Ethan Allen Interiors by 106.0% during the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after buying an additional 2,359 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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.