Zacks Investment Research upgraded shares of Ethan Allen Interiors (NYSE:ETH) from a sell rating to a hold rating in a research report sent to investors on Monday morning.
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. “
A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the company a hold rating in a report 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 price objective for the company in a report on Friday, October 13th. TheStreet lowered shares of Ethan Allen Interiors from a b rating to a c+ rating in a report on Friday, October 27th. Finally, KeyCorp reissued a hold rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $33.40.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The firm had revenue of $181.30 million during the quarter, compared to analyst estimates of $181.30 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Ethan Allen Interiors’s quarterly revenue was down 6.2% on a year-over-year basis. sell-side analysts expect that Ethan Allen Interiors will post 1.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, January 9th. Ethan Allen Interiors’s dividend payout ratio is currently 66.09%.
Several institutional investors and hedge funds have recently made changes to their positions in ETH. Vanguard Group Inc. lifted its position in Ethan Allen Interiors by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,420,157 shares of the company’s stock valued at $78,171,000 after buying an additional 33,274 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Ethan Allen Interiors by 0.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 2,266,066 shares of the company’s stock valued at $73,194,000 after buying an additional 7,231 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ethan Allen Interiors by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,913,194 shares of the company’s stock valued at $61,988,000 after buying an additional 31,263 shares during the last quarter. Northern Trust Corp lifted its position in Ethan Allen Interiors by 24.3% in the second quarter. Northern Trust Corp now owns 996,016 shares of the company’s stock valued at $32,171,000 after buying an additional 194,421 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Ethan Allen Interiors by 8.1% in the second quarter. Alliancebernstein L.P. now owns 911,697 shares of the company’s stock valued at $29,448,000 after buying an additional 68,600 shares during the last quarter. 99.41% of the stock is owned by hedge funds and other institutional investors.
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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