Ethan Allen Interiors (ETH) Stock Rating Upgraded by Zacks Investment Research
Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including six manufacturing facilities in the United States plus a plant in Mexico and one in Honduras. Approximately seventy percent of its products are made in its North American plants. “
ETH has been the subject of several other research reports. KeyCorp restated a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. TheStreet cut Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a report on Friday, October 13th. BidaskClub cut Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.50.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The firm had revenue of $181.30 million for the quarter, compared to the consensus estimate of $181.30 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. equities analysts forecast that Ethan Allen Interiors will post 1.64 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in Ethan Allen Interiors by 664.1% during the third quarter. Advisor Group Inc. now owns 3,217 shares of the company’s stock worth $101,000 after purchasing an additional 2,796 shares during the period. PineBridge Investments L.P. grew its holdings in Ethan Allen Interiors by 5.3% during the second quarter. PineBridge Investments L.P. now owns 3,236 shares of the company’s stock worth $107,000 after purchasing an additional 164 shares during the period. Teacher Retirement System of Texas grew its holdings in Ethan Allen Interiors by 14.0% during the second quarter. Teacher Retirement System of Texas now owns 3,564 shares of the company’s stock worth $118,000 after purchasing an additional 438 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in Ethan Allen Interiors during the second quarter worth about $119,000. Finally, Legal & General Group Plc grew its holdings in Ethan Allen Interiors by 11.1% during the first quarter. Legal & General Group Plc now owns 4,200 shares of the company’s stock worth $133,000 after purchasing an additional 418 shares during the period. Institutional investors own 99.41% of the company’s stock.
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About Ethan Allen Interiors
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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