Ethan Allen Interiors Inc. (ETH) Sees Strong Trading Volume
Ethan Allen Interiors Inc. (NYSE:ETH) shares saw unusually-high trading volume on Thursday . Approximately 147,354 shares were traded during trading, an increase of 5% from the previous session’s volume of 139,897 shares.The stock last traded at $33.79 and had previously closed at $33.53.
ETH has been the topic of several recent analyst reports. Telsey Advisory Group raised Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and upped their target price for the company from $33.00 to $40.00 in a research report on Tuesday, July 19th. Citigroup Inc. lowered Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Dougherty & Co boosted their price target on Ethan Allen Interiors from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Sunday, July 31st. Four equities 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 stock. Ethan Allen Interiors presently has an average rating of “Buy” and a consensus price target of $36.20.
The company has a market cap of $940.07 million and a PE ratio of 16.94. The company has a 50 day moving average price of $34.62 and a 200 day moving average price of $32.10.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. During the same period last year, the firm earned $0.43 EPS. The firm had revenue of $205.70 million for the quarter, compared to analysts’ expectations of $200.28 million. Ethan Allen Interiors’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Ethan Allen Interiors Inc. will post $2.19 EPS for the current fiscal year.
The business also recently announced 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 2.01%.
In other Ethan Allen Interiors news, Director Clinton A. Clark sold 3,357 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 3,679 shares in the company, valued at approximately $125,233.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Domenick J. Esposito purchased 1,000 shares of the business’s stock in a transaction on Thursday, June 9th. The stock was acquired at an average price of $33.14 per share, with a total value of $33,140.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $66,280. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Ethan Allen Interiors stock. Schwab Charles Investment Management Inc. raised its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,918 shares of the company’s stock after buying an additional 2,258 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Ethan Allen Interiors worth $2,419,000 as of its most recent filing with the SEC.
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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