Ethan Allen Interiors Inc. (ETH) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Ethan Allen Interiors Inc. (NYSE:ETH) from a hold rating to a buy rating in a research note released on Tuesday morning.
ETH has been the topic of several other research reports. TheStreet downgraded Ethan Allen Interiors from a b rating to a c+ rating in a report on Thursday, April 27th. Stifel Nicolaus cut their price objective on Ethan Allen Interiors from $34.00 to $30.00 and set a hold rating on the stock in a report on Friday, April 28th. Finally, Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an outperform rating on the stock in a report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $33.25.
Ethan Allen Interiors (ETH) traded up 2.40% during trading on Tuesday, hitting $32.05. The stock had a trading volume of 302,927 shares. The company has a market cap of $885.61 million, a P/E ratio of 24.84 and a beta of 1.16. Ethan Allen Interiors has a one year low of $26.75 and a one year high of $38.80. The firm has a 50 day moving average of $30.79 and a 200-day moving average of $29.79.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $194.90 million for the quarter, compared to the consensus estimate of $194.94 million. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. Equities analysts anticipate that Ethan Allen Interiors will post $1.74 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Tuesday, October 10th will be issued a $0.19 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.37%. Ethan Allen Interiors’s dividend payout ratio is presently 58.92%.
Several large investors have recently bought and sold shares of ETH. Royce & Associates LP boosted its position in Ethan Allen Interiors by 2.5% in the first quarter. Royce & Associates LP now owns 2,281,636 shares of the company’s stock valued at $69,932,000 after buying an additional 55,800 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its position in Ethan Allen Interiors by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 32,300 shares of the company’s stock valued at $990,000 after buying an additional 900 shares during the last quarter. Teachers Advisors LLC boosted its position in Ethan Allen Interiors by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 40,651 shares of the company’s stock valued at $1,498,000 after buying an additional 1,117 shares during the last quarter. Fisher Asset Management LLC boosted its position in Ethan Allen Interiors by 42.7% in the first quarter. Fisher Asset Management LLC now owns 57,823 shares of the company’s stock valued at $1,772,000 after buying an additional 17,306 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock valued at $150,000 after buying an additional 2,140 shares during the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.
About Ethan Allen Interiors
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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