Ethan Allen Interiors (NYSE:ETD) Lowered to “Strong Sell” Rating by Zacks Research

Ethan Allen Interiors (NYSE:ETD) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on ETD. Wall Street Zen upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Telsey Advisory Group dropped their price target on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Ethan Allen Interiors currently has a consensus rating of “Sell” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Down 0.7%

NYSE:ETD opened at $18.85 on Thursday. Ethan Allen Interiors has a twelve month low of $18.28 and a twelve month high of $31.41. The business has a 50 day moving average price of $21.78 and a two-hundred day moving average price of $23.07. The company has a market cap of $479.61 million, a P/E ratio of 11.93 and a beta of 1.04.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The firm had revenue of $135.84 million during the quarter, compared to the consensus estimate of $134.85 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The business’s revenue was down 4.8% on a year-over-year basis. As a group, analysts anticipate that Ethan Allen Interiors will post 1.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Dakota Wealth Management increased its position in Ethan Allen Interiors by 2.5% during the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock worth $400,000 after buying an additional 430 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Ethan Allen Interiors by 6.2% during the 3rd 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 during the period. Unison Advisors LLC increased its position in Ethan Allen Interiors by 1.6% during the 1st quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock worth $726,000 after buying an additional 517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ethan Allen Interiors by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after buying an additional 538 shares during the period. Finally, Federated Hermes Inc. increased its position in Ethan Allen Interiors by 2.2% during the 3rd quarter. Federated Hermes Inc. now owns 24,543 shares of the company’s stock worth $723,000 after buying an additional 539 shares during the period. 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.