Ethan Allen Interiors Inc. (NYSE:ETH) Receives $37.50 Consensus Target Price from Analysts
Ethan Allen Interiors Inc. (NYSE:ETH) has received a consensus rating of “Buy” from the eight ratings firms that are covering the firm. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $37.50.
Several research analysts recently weighed in on the company. Dougherty & Co increased their price objective on Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Raymond James Financial Inc. lowered Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Citigroup Inc. lowered Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Telsey Advisory Group upgraded Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $40.00 in a research report on Tuesday, July 19th. Finally, Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st.
In other news, Director Tara I. Stacom purchased 3,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,300 shares in the company, valued at approximately $209,853. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Clinton A. Clark sold 3,357 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $34.04, for a total value of $114,272.28. Following the transaction, 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. 11.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Ethan Allen Interiors by 8.9% in the second quarter. Vanguard Group Inc. now owns 2,258,558 shares of the company’s stock valued at $74,623,000 after buying an additional 184,707 shares in the last quarter. BlackRock Fund Advisors raised its position in Ethan Allen Interiors by 0.7% in the second quarter. BlackRock Fund Advisors now owns 2,002,307 shares of the company’s stock valued at $66,156,000 after buying an additional 14,900 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ethan Allen Interiors by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,432,797 shares of the company’s stock valued at $47,339,000 after buying an additional 76,493 shares in the last quarter. LSV Asset Management raised its position in Ethan Allen Interiors by 263.3% in the second quarter. LSV Asset Management now owns 1,053,957 shares of the company’s stock valued at $34,822,000 after buying an additional 763,855 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Ethan Allen Interiors by 4.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 681,123 shares of the company’s stock valued at $21,673,000 after buying an additional 30,270 shares in the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.
Shares of Ethan Allen Interiors (NYSE:ETH) opened at 30.43 on Tuesday. Ethan Allen Interiors has a 12 month low of $22.46 and a 12 month high of $36.77. The firm’s 50-day moving average price is $32.86 and its 200-day moving average price is $32.90. The company has a market capitalization of $844.34 million, a price-to-earnings ratio of 15.22 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Ethan Allen Interiors had a return on equity of 14.21% and a net margin of 7.13%. The firm earned $205.70 million during the quarter, compared to analysts’ expectations of $200.28 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts expect that Ethan Allen Interiors will post $2.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.68 annualized dividend and a yield of 2.23%. Ethan Allen Interiors’s payout ratio is 34.00%.
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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