Ethan Allen Interiors (NYSE:ETH) Earns “Buy” Rating from Raymond James

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Ethan Allen Interiors (NYSE:ETH)‘s stock had its “buy” rating reissued by stock analysts at Raymond James in a note issued to investors on Sunday, August 12th. They presently have a $27.00 price target on the stock. Raymond James’ price target indicates a potential upside of 22.45% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research report on Wednesday, June 27th. ValuEngine lowered shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $27.60.

ETH traded down $0.20 during midday trading on Friday, hitting $22.05. 473 shares of the company’s stock traded hands, compared to its average volume of 210,593. The firm has a market cap of $590.28 million, a PE ratio of 16.33, a PEG ratio of 1.21 and a beta of 0.89. Ethan Allen Interiors has a one year low of $21.50 and a one year high of $32.90.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 9.33%. The company had revenue of $205.60 million for the quarter, compared to analyst estimates of $200.01 million. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts expect that Ethan Allen Interiors will post 1.53 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Ethan Allen Interiors during the 2nd quarter worth about $143,000. Stevens Capital Management LP bought a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at about $209,000. Itau Unibanco Holding S.A. bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at about $231,000. Trexquant Investment LP bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at about $239,000. Finally, Verition Fund Management LLC bought a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at about $229,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Ethan Allen Interiors Company Profile

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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Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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