Ethan Allen Interiors Inc. (ETH) Shares Down 2.8%
Ethan Allen Interiors Inc. (NYSE:ETH)’s share price traded 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 trading hands. The stock had previously closed at $34.68.
Several equities analysts recently weighed in on the stock. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st. Telsey Advisory Group upgraded shares of Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $40.00 in a research note on Tuesday, July 19th. Nomura set a $34.00 price objective on shares of Ethan Allen Interiors and gave the company a “hold” rating in a research note on Thursday, August 18th. Citigroup Inc. lowered shares of 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. Finally, Raymond James Financial Inc. lowered shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Ethan Allen Interiors currently has an average rating of “Buy” and an average price target of $36.20.
The company’s 50 day moving average is $34.62 and its 200-day moving average is $32.10. The stock has a market capitalization of $940.07 million and a PE ratio of 16.94.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm earned $205.70 million during the quarter, compared to analysts’ expectations of $200.28 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Ethan Allen Interiors’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Ethan Allen Interiors Inc. will post $2.19 earnings per share for the current 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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.01%.
In related news, Director Clinton A. Clark sold 3,357 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $34.04, for a total transaction of $114,272.28. Following the transaction, the director now owns 3,679 shares in the company, valued at $125,233.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Domenick J. Esposito purchased 1,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Thursday, June 9th. The shares were bought at an average price of $33.14 per share, for a total transaction of $33,140.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $66,280. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Ethan Allen Interiors stock. Rhumbline Advisers increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,577 shares of the company’s stock after buying an additional 1,355 shares during the period. Rhumbline Advisers owned about 0.16% of Ethan Allen Interiors worth $1,268,000 as of its most recent SEC filing.
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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