Telsey Advisory Group Reaffirms “Market Perform” Rating for Ethan Allen Interiors (NYSE:ETD)

Telsey Advisory Group restated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $30.00 target price on the stock.

Ethan Allen Interiors Stock Up 0.7 %

Shares of NYSE ETD opened at $32.04 on Friday. The firm has a market cap of $813.69 million, a P/E ratio of 10.27 and a beta of 1.22. Ethan Allen Interiors has a twelve month low of $24.76 and a twelve month high of $36.19. The company has a 50 day moving average of $32.48 and a 200 day moving average of $30.28.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The business had revenue of $167.28 million during the quarter, compared to the consensus estimate of $179.20 million. Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. As a group, equities analysts expect that Ethan Allen Interiors will post 2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently bought and sold shares of ETD. Vanguard Group Inc. raised its holdings in shares of Ethan Allen Interiors by 0.8% during the third quarter. Vanguard Group Inc. now owns 1,543,769 shares of the company’s stock valued at $46,159,000 after purchasing an additional 11,792 shares during the last quarter. First Trust Advisors LP boosted its holdings in Ethan Allen Interiors by 56.6% in the fourth quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock worth $24,896,000 after purchasing an additional 281,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ethan Allen Interiors by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 731,077 shares of the company’s stock worth $23,336,000 after purchasing an additional 5,108 shares during the period. UBS Group AG raised its stake in Ethan Allen Interiors by 56.8% during the 4th quarter. UBS Group AG now owns 444,933 shares of the company’s stock valued at $14,202,000 after buying an additional 161,158 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Ethan Allen Interiors by 35.6% during the 3rd quarter. Invesco Ltd. now owns 416,348 shares of the company’s stock valued at $12,449,000 after buying an additional 109,235 shares during the period. Institutional investors own 83.80% 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 the United States, Mexico, Honduras, and Canada. The company operates in 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 comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent 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.