Ethan Allen Interiors Inc. (ETH) Upgraded to Buy by Dougherty & Co
Ethan Allen Interiors Inc. (NYSE:ETH) was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued on Friday, The Fly reports. Dougherty & Co also issued estimates for Ethan Allen Interiors’ Q1 2018 earnings at $0.43 EPS and FY2018 earnings at $1.77 EPS.
A number of other brokerages have also issued reports on ETH. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet upgraded Ethan Allen Interiors from a “c+” rating to a “b-” rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.00.
Shares of Ethan Allen Interiors (ETH) opened at 29.00 on Friday. The firm has a market capitalization of $795.96 million, a P/E ratio of 22.48 and a beta of 1.20. The stock has a 50 day moving average price of $30.45 and a 200 day moving average price of $30.14. 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 results on Wednesday, July 26th. The company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The business had revenue of $194.90 million during the quarter, compared to the consensus estimate of $194.94 million. During the same period in the previous year, the business earned $0.57 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Ethan Allen Interiors will post $1.76 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in Ethan Allen Interiors by 40.7% during the 2nd quarter. Fisher Asset Management LLC now owns 81,365 shares of the company’s stock valued at $2,628,000 after purchasing an additional 23,542 shares during the period. Teachers Advisors LLC raised its holdings in Ethan Allen Interiors by 1.2% in the 1st quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock valued at $1,260,000 after acquiring an additional 469 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in Ethan Allen Interiors by 8.8% in the 2nd quarter. Kennedy Capital Management Inc. now owns 452,211 shares of the company’s stock valued at $14,606,000 after acquiring an additional 36,419 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in Ethan Allen Interiors in the 2nd quarter valued at approximately $5,088,000. Finally, BlackRock Inc. raised its holdings in Ethan Allen Interiors by 122,313.2% in the 1st quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock valued at $105,279,000 after acquiring an additional 3,432,107 shares in the last quarter. Hedge funds and other institutional investors own 99.41% 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.
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