Ethan Allen Interiors’ (ETH) Hold Rating Reaffirmed at Nomura
Several other equities analysts have also weighed in on ETH. Telsey Advisory Group upgraded shares of Ethan Allen Interiors from a market perform rating to an outperform rating and increased their price target for the company from $33.00 to $40.00 in a research report on Tuesday, July 19th. Argus reissued a hold rating on shares of Ethan Allen Interiors in a report on Sunday, July 31st. Citigroup Inc. downgraded shares of Ethan Allen Interiors to a market perform rating in a report on Wednesday, July 27th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded shares of Ethan Allen Interiors from an outperform rating to a market perform rating in a report on Wednesday, July 27th. Finally, Dougherty & Co raised their target price on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $36.20.
Ethan Allen Interiors (NYSE:ETH) traded down 2.05% during mid-day trading on Friday, hitting $30.63. 56,445 shares of the stock were exchanged. The stock’s 50-day moving average is $33.32 and its 200 day moving average is $32.91. Ethan Allen Interiors has a 52 week low of $22.46 and a 52 week high of $36.77. The company has a market capitalization of $849.89 million, a PE ratio of 15.31 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Ethan Allen Interiors had a net margin of 7.13% and a return on equity of 14.21%. The firm earned $205.70 million during the quarter, compared to analyst estimates of $200.28 million. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Ethan Allen Interiors will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.17%. Ethan Allen Interiors’s dividend payout ratio is currently 34.00%.
In other news, Director Tara I. Stacom purchased 3,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was acquired at an average cost of $33.31 per share, for a total transaction of $99,930.00. Following the purchase, the director now directly owns 6,300 shares in the company, valued at approximately $209,853. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Clinton A. Clark sold 3,357 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $34.04, for a total value of $114,272.28. Following the sale, the director now owns 3,679 shares of the company’s stock, valued at $125,233.16. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ETH. PineBridge Investments L.P. increased its stake in Ethan Allen Interiors by 5.3% in the second quarter. PineBridge Investments L.P. now owns 3,236 shares of the company’s stock worth $107,000 after buying an additional 164 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Ethan Allen Interiors by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,564 shares of the company’s stock worth $118,000 after buying an additional 438 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Ethan Allen Interiors during the second quarter worth about $119,000. Legal & General Group Plc increased its stake in Ethan Allen Interiors by 11.1% in the first quarter. Legal & General Group Plc now owns 4,200 shares of the company’s stock worth $133,000 after buying an additional 418 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new stake in Ethan Allen Interiors during the first quarter worth about $147,000. Institutional investors and hedge funds own 98.85% of the company’s stock.
About Ethan Allen Interiors
Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.
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