James B. Carlson Acquires 2,000 Shares of Ethan Allen Interiors Inc. (ETH) Stock
Ethan Allen Interiors Inc. (NYSE:ETH) Director James B. Carlson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $19.38 per share, with a total value of $38,760.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ethan Allen Interiors stock traded down $0.29 during trading on Monday, reaching $19.28. 338,700 shares of the company’s stock were exchanged, compared to its average volume of 286,579. Ethan Allen Interiors Inc. has a 52-week low of $18.53 and a 52-week high of $30.10. The stock has a market cap of $519.96 million, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $187.79 million during the quarter, compared to analysts’ expectations of $186.90 million. Ethan Allen Interiors had a net margin of 4.89% and a return on equity of 9.66%. On average, analysts predict that Ethan Allen Interiors Inc. will post 1.5 earnings per share for the current year.
A number of analysts recently weighed in on ETH shares. Zacks Investment Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. ValuEngine raised shares of Ethan Allen Interiors from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Raymond James reaffirmed a “buy” rating and set a $27.00 price target on shares of Ethan Allen Interiors in a research report on Sunday, August 12th. Finally, Telsey Advisory Group decreased their price target on shares of Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.75.
Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Ethan Allen Interiors in the 2nd quarter valued at about $143,000. Kessler Investment Group LLC purchased a new position in Ethan Allen Interiors in the 3rd quarter valued at about $162,000. Itau Unibanco Holding S.A. purchased a new position in Ethan Allen Interiors in the 2nd quarter valued at about $231,000. State of Alaska Department of Revenue boosted its position in Ethan Allen Interiors by 38.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,383 shares of the company’s stock valued at $235,000 after buying an additional 3,169 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Ethan Allen Interiors in the 2nd quarter valued at about $239,000. 95.36% of the stock is owned by institutional investors.
About Ethan Allen Interiors
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.
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