Ethan Allen Interiors Inc. (ETH) Receives $33.25 Consensus Target Price from Brokerages
Ethan Allen Interiors Inc. (NYSE:ETH) has received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $33.25.
ETH has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Raymond James Financial, Inc. upgraded shares of Ethan Allen Interiors from a “market perform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Tuesday, March 14th. TheStreet lowered shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Finally, Telsey Advisory Group reduced their target price on shares of Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th.
Shares of Ethan Allen Interiors (ETH) traded up 0.17% during mid-day trading on Tuesday, reaching $29.70. The company’s stock had a trading volume of 337,181 shares. The stock has a market capitalization of $822.57 million, a price-to-earnings ratio of 20.04 and a beta of 1.09. Ethan Allen Interiors has a 52 week low of $26.75 and a 52 week high of $38.80. The company’s 50-day moving average is $28.78 and its 200-day moving average is $30.97.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, April 26th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $180.20 million for the quarter, compared to analyst estimates of $184.18 million. Ethan Allen Interiors had a net margin of 5.33% and a return on equity of 11.31%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts predict that Ethan Allen Interiors will post $1.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, July 7th. This represents a $0.76 dividend on an annualized basis and a yield of 2.56%. Ethan Allen Interiors’s dividend payout ratio is currently 51.70%.
In other news, Director Domenick J. Esposito acquired 840 shares of the business’s stock in a transaction on Monday, March 20th. The shares were purchased at an average price of $31.00 per share, for a total transaction of $26,040.00. Following the acquisition, the director now directly owns 2,840 shares of the company’s stock, valued at approximately $88,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of ETH. State of Alaska Department of Revenue raised its position in shares of Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock worth $150,000 after buying an additional 2,140 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ethan Allen Interiors by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock worth $153,000 after buying an additional 180 shares in the last quarter. Pitcairn Co. purchased a new position in shares of Ethan Allen Interiors during the fourth quarter worth approximately $219,000. Mason Street Advisors LLC raised its position in shares of Ethan Allen Interiors by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,957 shares of the company’s stock worth $183,000 after buying an additional 398 shares in the last quarter. Finally, Highland Capital Management LP purchased a new position in shares of Ethan Allen Interiors during the fourth quarter worth approximately $240,000. Hedge funds and other institutional investors own 99.20% of the company’s stock.
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Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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