Zacks Investment Research Downgrades Ethan Allen Interiors (NYSE:ETH) to Sell

Ethan Allen Interiors (NYSE:ETH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of the Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including six manufacturing facilities in the United States plus a plant in Mexico and one in Honduras. “

Other equities analysts have also recently issued reports about the company. Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. ValuEngine cut Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.15.

Shares of ETH stock traded down $0.14 during mid-day trading on Tuesday, hitting $19.18. 240,772 shares of the stock traded hands, compared to its average volume of 267,244. Ethan Allen Interiors has a twelve month low of $16.63 and a twelve month high of $23.11. The firm has a market cap of $519.29 million, a price-to-earnings ratio of 12.29 and a beta of 0.94. The company’s 50-day simple moving average is $19.07 and its 200-day simple moving average is $19.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.46.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Ethan Allen Interiors had a return on equity of 11.39% and a net margin of 4.23%. The company had revenue of $173.92 million for the quarter, compared to analysts’ expectations of $174.07 million. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts forecast that Ethan Allen Interiors will post 1.55 earnings per share for the current year.

In related news, SVP Daniel M. Grow sold 1,500 shares of Ethan Allen Interiors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $19.24, for a total value of $28,860.00. Following the transaction, the senior vice president now directly owns 4,214 shares in the company, valued at approximately $81,077.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.40% of the company’s stock.

Several hedge funds have recently modified their holdings of ETH. First Trust Advisors LP grew its holdings in shares of Ethan Allen Interiors by 42.8% during the first quarter. First Trust Advisors LP now owns 65,172 shares of the company’s stock valued at $1,247,000 after buying an additional 19,541 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Ethan Allen Interiors by 11.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 225,342 shares of the company’s stock valued at $4,311,000 after buying an additional 22,706 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Ethan Allen Interiors during the second quarter valued at $329,000. Unison Advisors LLC grew its holdings in shares of Ethan Allen Interiors by 6.2% during the second quarter. Unison Advisors LLC now owns 13,261 shares of the company’s stock valued at $280,000 after buying an additional 776 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Ethan Allen Interiors by 0.6% during the second quarter. North Star Investment Management Corp. now owns 94,675 shares of the company’s stock valued at $1,994,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

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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