Zacks Investment Research Downgrades Ethan Allen Interiors (NYSE:ETH) to Sell

Ethan Allen Interiors (NYSE:ETH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, Zacks.com reports.

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 the 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. “

Shares of Ethan Allen Interiors stock traded up $0.30 during midday trading on Monday, hitting $19.27. The company had a trading volume of 225,716 shares, compared to its average volume of 270,960. The stock has a market cap of $509.14 million, a price-to-earnings ratio of 12.35 and a beta of 0.98. The company has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $19.87. Ethan Allen Interiors has a 12-month low of $16.63 and a 12-month high of $23.11.

Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The company had revenue of $183.90 million during the quarter, compared to analysts’ expectations of $200.20 million. Ethan Allen Interiors had a net margin of 3.44% and a return on equity of 11.13%. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, sell-side analysts anticipate that Ethan Allen Interiors will post 1.57 earnings per share for the current fiscal year.

In related news, SVP Daniel M. Grow sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $19.24, for a total value of $28,860.00. Following the transaction, the senior vice president now owns 4,214 shares in the company, valued at approximately $81,077.36. The sale was disclosed in a filing with the SEC, which is available through this link. 10.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of ETH. Parallel Advisors LLC increased its holdings in Ethan Allen Interiors by 1,314.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,513 shares of the company’s stock worth $32,000 after buying an additional 1,406 shares during the period. Quantamental Technologies LLC increased its holdings in Ethan Allen Interiors by 804.5% in the 2nd quarter. Quantamental Technologies LLC now owns 3,582 shares of the company’s stock worth $75,000 after buying an additional 3,186 shares during the period. Pacer Advisors Inc. increased its holdings in Ethan Allen Interiors by 53.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,801 shares of the company’s stock worth $187,000 after buying an additional 3,394 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in Ethan Allen Interiors in the 2nd quarter worth approximately $205,000. Finally, Brinker Capital Inc. acquired a new position in Ethan Allen Interiors in the 3rd quarter worth approximately $206,000. Institutional investors own 92.00% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.

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