Ethan Allen Interiors Inc. (ETH) Sets New 52-Week High at $35.62
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) reached a new 52-week high on Thursday . The stock traded as high as $35.62 and last traded at $35.38, with a volume of 78,836 shares trading hands. The stock had previously closed at $34.97.
Several research firms have recently weighed in on ETH. Dougherty & Co lifted their price objective on shares of Ethan Allen Interiors from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Telsey Advisory Group lifted their price objective on shares of 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, TheStreet upgraded shares of Ethan Allen Interiors from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 21st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $34.00.
The firm has a market capitalization of $965.18 million and a price-to-earnings ratio of 19.00. The company’s 50 day moving average price is $33.14 and its 200 day moving average price is $30.39.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business had revenue of $190.60 million for the quarter, compared to the consensus estimate of $183.04 million. The firm’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Ethan Allen Interiors Inc. will post $1.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Shareholders of record on Friday, July 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, July 6th.
In related news, Director Domenick J. Esposito acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 9th. The stock was purchased at an average price of $33.14 per share, with a total value of $33,140.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $66,280. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Other hedge funds recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in 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 period. California State Teachers Retirement System raised its stake in 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 period. Cornerstone Capital Management Holdings LLC. raised its stake in 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 period. Bank of Montreal Can raised its stake in 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 period. Finally, Shell Asset Management Co. raised its stake in Ethan Allen Interiors by 35.7% in the fourth quarter. Shell Asset Management Co. now owns 78,897 shares of the company’s stock worth $2,195,000 after buying an additional 20,736 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.