Ethan Allen Interiors’ (ETD) Market Perform Rating Reaffirmed at Telsey Advisory Group

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $28.00 target price on the stock. Telsey Advisory Group’s price target suggests a potential upside of 12.27% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ethan Allen Interiors presently has a consensus rating of “Reduce” and an average target price of $28.00.

Ethan Allen Interiors Trading Up 3.1%

ETD opened at $24.94 on Thursday. The stock has a market capitalization of $634.62 million, a P/E ratio of 13.48 and a beta of 1.16. Ethan Allen Interiors has a 12-month low of $21.67 and a 12-month high of $32.61. The stock has a 50-day moving average price of $23.63 and a 200-day moving average price of $26.79.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 earnings per share (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 firm had revenue of $146.98 million during the quarter, compared to analysts’ expectations of $149.15 million. During the same quarter in the previous year, the firm posted $0.58 EPS. Ethan Allen Interiors’s revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts predict that Ethan Allen Interiors will post 2.32 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Dakota Wealth Management purchased a new position in Ethan Allen Interiors during the second quarter worth $472,000. Janney Montgomery Scott LLC acquired a new stake in shares of Ethan Allen Interiors during the 2nd quarter worth $2,008,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Ethan Allen Interiors by 11.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,594 shares of the company’s stock valued at $574,000 after buying an additional 2,151 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ethan Allen Interiors by 5.7% during the second quarter. American Century Companies Inc. now owns 837,971 shares of the company’s stock valued at $23,337,000 after purchasing an additional 45,031 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its position in shares of Ethan Allen Interiors by 104.9% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 118,187 shares of the company’s stock valued at $3,292,000 after purchasing an additional 60,499 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

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.