Ethan Allen Interiors Inc. (ETH) Sees Large Volume Increase
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) saw an uptick in trading volume on Thursday . 147,354 shares traded hands during mid-day 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.
A number of research firms have recently commented on ETH. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Sunday, July 31st. Telsey Advisory Group raised 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. Nomura set a $34.00 price objective on Ethan Allen Interiors and gave the stock a “hold” rating in a research note on Thursday, August 18th. Citigroup Inc. downgraded 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. downgraded Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.20.
The company has a market cap of $930.63 million and a P/E ratio of 16.77. The stock has a 50 day moving average price of $34.65 and a 200 day moving average price of $32.15.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $205.70 million for the quarter, compared to the consensus estimate of $200.28 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Ethan Allen Interiors Inc. will post $2.19 EPS for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 2.03%.
In other Ethan Allen Interiors news, 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 value of $114,272.28. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Domenick J. Esposito acquired 1,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was purchased at an average price of $33.14 per share, for a total transaction of $33,140.00. Following the completion of the transaction, 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.
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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