Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $33.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.01% from the stock’s current price.

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. “

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus raised their price target on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. BidaskClub cut shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.40.

Ethan Allen Interiors (ETH) traded down $0.05 during midday trading on Wednesday, reaching $29.20. The company had a trading volume of 149,598 shares, compared to its average volume of 332,360. Ethan Allen Interiors has a twelve month low of $26.45 and a twelve month high of $38.75. The company has a market cap of $802.15, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41.

Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same period in the prior year, the business earned $0.41 EPS. Ethan Allen Interiors’s revenue for the quarter was down 6.2% compared to the same quarter last year. analysts anticipate that Ethan Allen Interiors will post 1.64 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund grew its stake in shares of Ethan Allen Interiors by 0.9% in the second quarter. Texas Permanent School Fund now owns 18,603 shares of the company’s stock valued at $601,000 after buying an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ethan Allen Interiors by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock valued at $627,000 after buying an additional 225 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Ethan Allen Interiors by 1.2% in the first quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock valued at $1,260,000 after buying an additional 469 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Ethan Allen Interiors by 8.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock valued at $276,000 after buying an additional 630 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in shares of Ethan Allen Interiors by 5.9% in the second quarter. Thrivent Financial For Lutherans now owns 15,340 shares of the company’s stock valued at $495,000 after buying an additional 860 shares in the last quarter. 99.41% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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