Ethan Allen Interiors Inc. (ETH) Stock Price Down 2.8%
Ethan Allen Interiors Inc. (NYSE:ETH) was down 2.8% on Wednesday . The stock traded as low as $33.70 and last traded at $33.72, with a volume of 60,662 shares traded. The stock had previously closed at $34.68.
Several equities research analysts recently weighed in on ETH shares. Dougherty & Co boosted their target price on Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Raymond James Financial Inc. cut Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Citigroup Inc. cut Ethan Allen Interiors to a “market perform” rating in a research note on Wednesday, July 27th. They noted that the move was a valuation call. Telsey Advisory Group boosted their price objective on Ethan Allen Interiors from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Tuesday, April 26th. Finally, Nomura set a $34.00 price objective on Ethan Allen Interiors and gave the company a “hold” rating in a research note on Thursday, August 18th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.20.
The company has a 50 day moving average of $34.56 and a 200-day moving average of $32.08. The company has a market capitalization of $930.36 million and a price-to-earnings ratio of 16.76.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. During the same period last year, the business posted $0.43 EPS. The company earned $205.70 million during the quarter, compared to the consensus estimate of $200.28 million. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Ethan Allen Interiors Inc. will post $2.19 EPS 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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.03%.
In related news, Director Domenick J. Esposito purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were acquired at an average price of $33.14 per share, with a total value of $33,140.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at approximately $66,280. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clinton A. Clark sold 3,357 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $34.04, for a total value of $114,272.28. Following the completion of the sale, the director now directly owns 3,679 shares in the company, valued at approximately $125,233.16. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Rhumbline Advisers increased its stake 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 valued at $1,268,000 after buying an additional 1,355 shares during the last quarter. Bank of Montreal Can increased its stake 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 valued at $2,193,000 after buying an additional 78,357 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Ethan Allen Interiors by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 86,918 shares of the company’s stock valued at $2,419,000 after buying an additional 2,258 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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