Ethan Allen Interiors Inc. (ETH) Rating Reiterated by Nomura
Ethan Allen Interiors Inc. (NYSE:ETH)‘s stock had its “hold” rating reiterated by equities research analysts at Nomura in a report issued on Friday. They currently have a $34.00 price target on the stock. Nomura’s price target suggests a potential upside of 12.14% from the stock’s current price.
Several other research analysts have also commented on the stock. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Sunday, July 31st. Dougherty & Co boosted their price objective on shares of 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. lowered shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. 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, Telsey Advisory Group upgraded shares of Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $33.00 to $40.00 in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.20.
Ethan Allen Interiors (NYSE:ETH) opened at 30.32 on Friday. The stock has a market cap of $841.29 million, a PE ratio of 15.16 and a beta of 1.60. The company’s 50 day moving average is $33.22 and its 200-day moving average is $32.95. Ethan Allen Interiors has a 1-year low of $22.46 and a 1-year high of $36.77.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm earned $205.70 million during the quarter, compared to analyst estimates of $200.28 million. Ethan Allen Interiors had a net margin of 7.13% and a return on equity of 14.21%. Ethan Allen Interiors’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Equities research analysts forecast that Ethan Allen Interiors will post $2.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Monday, October 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.24%. Ethan Allen Interiors’s payout ratio is currently 34.00%.
In other Ethan Allen Interiors news, Director Tara I. Stacom acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were purchased at an average price of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the purchase, the director now directly owns 6,300 shares of the company’s stock, valued at $209,853. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Clinton A. Clark sold 3,357 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $34.04, for a total transaction of $114,272.28. Following the completion of the sale, the director now owns 3,679 shares in the company, valued at approximately $125,233.16. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. PineBridge Investments L.P. increased its stake in shares of Ethan Allen Interiors by 5.3% in the second quarter. PineBridge Investments L.P. now owns 3,236 shares of the company’s stock worth $107,000 after buying an additional 164 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Ethan Allen Interiors by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,564 shares of the company’s stock worth $118,000 after buying an additional 438 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Ethan Allen Interiors during the second quarter worth about $119,000. Legal & General Group Plc increased its stake in shares of Ethan Allen Interiors by 11.1% in the first quarter. Legal & General Group Plc now owns 4,200 shares of the company’s stock worth $133,000 after buying an additional 418 shares during the period. Finally, Riverhead Capital Management LLC purchased a new stake in shares of Ethan Allen Interiors during the first quarter worth about $147,000. Hedge funds and other institutional investors own 98.85% of the company’s stock.
About Ethan Allen Interiors
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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