Ethan Allen Interiors Inc. (NYSE:ETH) shares dropped 3.2% during mid-day trading on Wednesday . The company traded as low as $33.74 and last traded at $34.63, with a volume of 294,681 shares changing hands. The stock had previously closed at $35.76.

ETH has been the subject of a number of research analyst reports. Dougherty & Co lifted their target price on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial Inc. cut shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Telsey Advisory Group lifted their target price on shares of Ethan Allen Interiors from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, April 20th. Finally, Citigroup Inc. cut shares of Ethan Allen Interiors to a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Ethan Allen Interiors presently has a consensus rating of “Buy” and an average price target of $36.75.

The company has a market capitalization of $943.82 million and a PE ratio of 18.58. The firm has a 50-day moving average of $33.58 and a 200-day moving average of $30.88.

Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The company earned $205.70 million during the quarter, compared to analyst estimates of $200.28 million. During the same quarter last year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Ethan Allen Interiors Inc. will post $2.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%.

In related news, Director Domenick J. Esposito purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were acquired at an average price of $33.14 per share, for a total transaction of $33,140.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $66,280. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds and institutional investors have made changes to their positions in the company. State of Wisconsin Investment Board raised its position in shares of Ethan Allen Interiors by 0.5% in the fourth quarter. State of Wisconsin Investment Board now owns 246,600 shares of the company’s stock worth $6,860,000 after buying an additional 1,244 shares during the last quarter. Bank of Montreal Can raised its position in shares of Ethan Allen Interiors by 16,671.7% in the fourth quarter. Bank of Montreal Can now owns 78,827 shares of the company’s stock worth $2,193,000 after buying an additional 78,357 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Ethan Allen Interiors by 16.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 61,681 shares of the company’s stock worth $1,716,000 after buying an additional 8,681 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Ethan Allen Interiors by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 47,148 shares of the company’s stock worth $1,312,000 after buying an additional 900 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Ethan Allen Interiors by 3.1% in the fourth quarter. Rhumbline Advisers now owns 45,577 shares of the company’s stock worth $1,268,000 after buying an additional 1,355 shares during the last quarter.

Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.

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