Ethan Allen Interiors (ETH) Upgraded to Hold by Zacks Investment Research

Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, January 8th.

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 approximately 300 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. Approximately seventy percent of its products are made in its North American plants. “

Several other analysts also recently commented on ETH. Dougherty & Co upgraded shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, October 13th. Stifel Nicolaus restated a “hold” rating and set a $27.00 price objective on shares of Ethan Allen Interiors in a research report on Friday, October 13th. KeyCorp restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Finally, TheStreet downgraded shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.20.

Ethan Allen Interiors (NYSE:ETH) traded down $0.50 on Monday, reaching $28.15. 379,200 shares of the company’s stock traded hands, compared to its average volume of 238,090. Ethan Allen Interiors has a fifty-two week low of $26.45 and a fifty-two week high of $33.92. The company has a market capitalization of $710.12, a P/E ratio of 24.48, a PEG ratio of 1.83 and a beta of 1.40.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The business had revenue of $181.30 million for the quarter, compared to the consensus estimate of $181.30 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. analysts predict that Ethan Allen Interiors will post 1.67 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth $259,000. SG Americas Securities LLC grew its stake in shares of Ethan Allen Interiors by 180.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after buying an additional 6,986 shares in the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of Ethan Allen Interiors by 24.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock worth $370,000 after buying an additional 2,223 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Ethan Allen Interiors by 30.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,719 shares of the company’s stock worth $379,000 after buying an additional 2,729 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth $385,000.

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Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.

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