Ethan Allen Interiors Inc. (ETH) Given Hold Rating at Stifel Nicolaus
A number of other equities analysts have also recently issued reports on ETH. BidaskClub upgraded shares of Ethan Allen Interiors from a hold rating to a buy rating in a research report on Tuesday, August 1st. Dougherty & Co upgraded shares of Ethan Allen Interiors from a neutral rating to a buy rating and set a $35.00 target price for the company in a research report on Friday. Finally, TheStreet upgraded shares of Ethan Allen Interiors from a c+ rating to a b- rating in a research report on Thursday, June 29th. Two investment 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 company. The stock presently has an average rating of Buy and an average target price of $32.75.
Shares of Ethan Allen Interiors (NYSE ETH) opened at 29.75 on Friday. The firm has a 50-day moving average of $30.61 and a 200-day moving average of $30.14. Ethan Allen Interiors has a 12-month low of $26.75 and a 12-month high of $38.80. The firm has a market cap of $816.55 million, a P/E ratio of 23.06 and a beta of 1.20.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, equities analysts forecast that Ethan Allen Interiors will post $1.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, October 6th. Ethan Allen Interiors’s payout ratio is currently 58.92%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Ethan Allen Interiors by 3.8% during the first quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock worth $153,000 after acquiring an additional 180 shares during the last quarter. Mason Street Advisors LLC raised its position in Ethan Allen Interiors by 7.2% during the first quarter. Mason Street Advisors LLC now owns 5,957 shares of the company’s stock worth $183,000 after acquiring an additional 398 shares during the last quarter. State of Alaska Department of Revenue raised its position in Ethan Allen Interiors by 44.6% during the second quarter. State of Alaska Department of Revenue now owns 7,084 shares of the company’s stock worth $228,000 after acquiring an additional 2,184 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Ethan Allen Interiors by 8.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock worth $276,000 after acquiring an additional 630 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Ethan Allen Interiors by 43.8% during the first quarter. KCG Holdings Inc. now owns 8,827 shares of the company’s stock worth $271,000 after acquiring an additional 2,690 shares during the last quarter. Institutional investors own 99.41% of the company’s stock.
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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