Ethan Allen Interiors (NYSE:ETH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

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 the 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. “

Several other equities analysts have also recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $58.00 price objective (down previously from $65.00) on shares of Texas Roadhouse in a research note on Tuesday, April 30th. ValuEngine cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.82.

Shares of ETH traded down $0.17 during trading hours on Thursday, hitting $20.56. The company’s stock had a trading volume of 169,400 shares, compared to its average volume of 282,776. The company has a market cap of $557.11 million, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The company has a current ratio of 1.77, a quick ratio of 0.47 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $20.97. Ethan Allen Interiors has a 52-week low of $16.90 and a 52-week high of $25.30.

Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Monday, April 29th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $177.80 million during the quarter, compared to the consensus estimate of $181.02 million. Ethan Allen Interiors had a net margin of 5.27% and a return on equity of 10.84%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, sell-side analysts anticipate that Ethan Allen Interiors will post 1.6 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its position in Ethan Allen Interiors by 2.5% during the first quarter. Comerica Bank now owns 24,475 shares of the company’s stock valued at $486,000 after purchasing an additional 598 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Ethan Allen Interiors by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 16,784 shares of the company’s stock worth $321,000 after acquiring an additional 615 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 6.2% in the 2nd quarter. Unison Advisors LLC now owns 13,261 shares of the company’s stock worth $280,000 after acquiring an additional 776 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ethan Allen Interiors by 1.5% in the 1st quarter. Victory Capital Management Inc. now owns 60,159 shares of the company’s stock worth $1,151,000 after acquiring an additional 886 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Ethan Allen Interiors by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 87,392 shares of the company’s stock worth $1,537,000 after acquiring an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 89.37% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.

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