Ethan Allen Interiors (NYSE:ETD) Raised to “Hold” at Zacks Research

Ethan Allen Interiors (NYSE:ETD) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Telsey Advisory Group cut their price target on shares of Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating on the stock in a report on Thursday, October 30th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $28.00.

Ethan Allen Interiors Stock Performance

ETD stock opened at $22.80 on Monday. The business has a 50-day simple moving average of $24.05 and a two-hundred day simple moving average of $27.26. The company has a market capitalization of $580.18 million, a P/E ratio of 12.32 and a beta of 1.17. Ethan Allen Interiors has a 52-week low of $21.67 and a 52-week high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The company had revenue of $146.98 million during the quarter, compared to the consensus estimate of $149.15 million. During the same quarter in the prior year, the business earned $0.58 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total value of $420,150.00. Following the transaction, the chief executive officer directly owned 1,583,652 shares in the company, valued at $44,358,092.52. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.92% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its position in Ethan Allen Interiors by 6.9% in the first quarter. HighTower Advisors LLC now owns 8,129 shares of the company’s stock worth $225,000 after buying an additional 522 shares during the last quarter. AlphaQuest LLC grew its stake in shares of Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock worth $94,000 after acquiring an additional 2,634 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Ethan Allen Interiors in the 1st quarter worth about $244,000. Trexquant Investment LP increased its holdings in Ethan Allen Interiors by 345.6% in the 1st quarter. Trexquant Investment LP now owns 93,332 shares of the company’s stock worth $2,585,000 after acquiring an additional 72,386 shares during the last quarter. Finally, Quarry LP raised its stake in Ethan Allen Interiors by 72.2% in the 1st quarter. Quarry LP now owns 4,484 shares of the company’s stock valued at $124,000 after acquiring an additional 1,880 shares during the period. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.