Ethan Allen Interiors (NYSE:ETH) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Monday, Marketbeat.com reports. They currently have a $18.45 target price on the stock, down from their previous target price of $22.75. Raymond James’ price objective would indicate a potential downside of 3.20% from the company’s previous close.
A number of other research analysts have also issued reports on the company. ValuEngine raised Ethan Allen Interiors from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Dougherty & Co lowered Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a report on Tuesday, January 29th. Zacks Investment Research raised Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 27th. Finally, Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.86.
NYSE:ETH opened at $19.06 on Monday. The company has a market capitalization of $504.75 million, a PE ratio of 14.12, a P/E/G ratio of 1.18 and a beta of 1.00. Ethan Allen Interiors has a 12-month low of $16.90 and a 12-month high of $25.55.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Monday, January 28th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $197.20 million for the quarter, compared to analyst estimates of $201.66 million. Ethan Allen Interiors had a return on equity of 9.29% and a net margin of 4.55%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Sell-side analysts forecast that Ethan Allen Interiors will post 1.5 EPS for the current year.
In other Ethan Allen Interiors news, Director James B. Carlson acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of $19.38 per share, with a total value of $38,760.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Kessler Investment Group LLC acquired a new position in Ethan Allen Interiors during the third quarter worth $162,000. Meeder Asset Management Inc. acquired a new position in Ethan Allen Interiors during the fourth quarter worth $166,000. State of Alaska Department of Revenue grew its holdings in Ethan Allen Interiors by 38.6% during the third quarter. State of Alaska Department of Revenue now owns 11,383 shares of the company’s stock worth $235,000 after acquiring an additional 3,169 shares during the period. MetLife Investment Advisors LLC grew its holdings in Ethan Allen Interiors by 55.7% during the third quarter. MetLife Investment Advisors LLC now owns 18,927 shares of the company’s stock worth $393,000 after acquiring an additional 6,768 shares during the period. Finally, Strs Ohio grew its holdings in Ethan Allen Interiors by 189.7% during the fourth quarter. Strs Ohio now owns 31,000 shares of the company’s stock worth $545,000 after acquiring an additional 20,300 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
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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