Ethan Allen Interiors (ETH) Stock Rating Upgraded by Zacks Investment Research

Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $30.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 9.49% from the company’s previous close.

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. “

Several other research analysts also recently commented on the stock. Stifel Nicolaus raised their price target on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, October 13th. TheStreet downgraded shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $27.00 target price (down previously from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.60.

Ethan Allen Interiors (ETH) traded up $0.70 during mid-day trading on Friday, reaching $27.40. 400,231 shares of the company traded hands, compared to its average volume of 372,085. The stock has a market cap of $716.99, a P/E ratio of 23.83, a PEG ratio of 1.66 and a beta of 1.40. Ethan Allen Interiors has a 52 week low of $25.40 and a 52 week high of $33.92.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $181.30 million. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. analysts expect that Ethan Allen Interiors will post 1.68 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. grew its position in shares of Ethan Allen Interiors by 664.1% in the 3rd quarter. Advisor Group Inc. now owns 3,217 shares of the company’s stock worth $101,000 after buying an additional 2,796 shares during the last quarter. PineBridge Investments L.P. grew its position in shares of Ethan Allen Interiors by 5.3% in the 2nd quarter. PineBridge Investments L.P. now owns 3,236 shares of the company’s stock worth $107,000 after buying an additional 164 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Ethan Allen Interiors by 14.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,564 shares of the company’s stock worth $118,000 after buying an additional 438 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $119,000. Finally, Legal & General Group Plc grew its position in shares of Ethan Allen Interiors by 11.1% in the 1st quarter. Legal & General Group Plc now owns 4,200 shares of the company’s stock worth $133,000 after buying an additional 418 shares during the last quarter.

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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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