Ethan Allen Interiors Inc. (NYSE:ETH) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently issued reports on ETH. Raymond James Financial, Inc. upgraded Ethan Allen Interiors from a “market perform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, March 14th. Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, April 27th. Stifel Nicolaus reduced their price objective on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Finally, TheStreet downgraded Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $35.00.

Shares of Ethan Allen Interiors (NYSE:ETH) traded down 3.72% during mid-day trading on Friday, hitting $30.00. The company’s stock had a trading volume of 632,842 shares. The company has a market cap of $830.88 million, a PE ratio of 20.24 and a beta of 1.17. The stock has a 50-day moving average of $28.63 and a 200-day moving average of $30.63. Ethan Allen Interiors has a 12-month low of $26.75 and a 12-month high of $38.80.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Ethan Allen Interiors had a net margin of 5.33% and a return on equity of 11.31%. The company had revenue of $180.20 million during the quarter, compared to analysts’ expectations of $184.18 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Ethan Allen Interiors will post $1.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be given a $0.19 dividend. The ex-dividend date is Friday, July 7th. This represents a $0.76 annualized dividend and a dividend yield of 2.53%. Ethan Allen Interiors’s dividend payout ratio is currently 51.70%.

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A number of institutional investors have recently added to or reduced their stakes in ETH. State of Alaska Department of Revenue increased its position in Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock valued at $150,000 after buying an additional 2,140 shares during the period. Envestnet Asset Management Inc. increased its position in Ethan Allen Interiors by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock valued at $153,000 after buying an additional 180 shares during the period. Mason Street Advisors LLC increased its position in Ethan Allen Interiors by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,957 shares of the company’s stock valued at $183,000 after buying an additional 398 shares during the period. First Citizens Bank & Trust Co. increased its position in Ethan Allen Interiors by 4.9% in the first quarter. First Citizens Bank & Trust Co. now owns 7,149 shares of the company’s stock valued at $219,000 after buying an additional 335 shares during the period. Finally, Bank of Montreal Can increased its position in Ethan Allen Interiors by 4.4% in the first quarter. Bank of Montreal Can now owns 8,062 shares of the company’s stock valued at $247,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 99.19% 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.

Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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