Ethan Allen Interiors (NYSE:ETD) Stock Rating Upgraded by Zacks Research

Ethan Allen Interiors (NYSE:ETD) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on ETD. Telsey Advisory Group lowered their price target on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $28.00.

Ethan Allen Interiors Stock Down 0.8%

NYSE:ETD opened at $22.80 on Monday. Ethan Allen Interiors has a 12-month low of $21.67 and a 12-month high of $32.61. The stock’s fifty day simple moving average is $24.05 and its 200-day simple moving average is $27.26. The firm has a market capitalization of $580.18 million, a P/E ratio of 12.32 and a beta of 1.17.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The company had revenue of $146.98 million during the quarter, compared to the consensus estimate of $149.15 million. During the same quarter in the prior year, the company posted $0.58 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 15,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total transaction of $420,150.00. Following the completion of the sale, the chief executive officer owned 1,583,652 shares of the company’s stock, valued at $44,358,092.52. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its holdings in Ethan Allen Interiors by 5.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock worth $217,000 after purchasing an additional 377 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Ethan Allen Interiors by 44.0% during the second quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock worth $36,000 after buying an additional 399 shares during the period. Unison Advisors LLC grew its holdings in shares of Ethan Allen Interiors by 1.5% during the second quarter. Unison Advisors LLC now owns 31,330 shares of the company’s stock worth $873,000 after buying an additional 458 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Ethan Allen Interiors by 6.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock worth $253,000 after buying an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Ethan Allen Interiors by 6.9% in the 1st quarter. HighTower Advisors LLC now owns 8,129 shares of the company’s stock valued at $225,000 after buying an additional 522 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.