Ethan Allen Interiors (NYSE:ETD) Raised to Hold at Zacks Research

Ethan Allen Interiors (NYSE:ETD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Ethan Allen Interiors has an average rating of “Hold” and a consensus target price of $30.00.

Ethan Allen Interiors Trading Up 0.1%

Shares of Ethan Allen Interiors stock opened at $29.47 on Monday. The firm has a market cap of $750.01 million, a P/E ratio of 14.66 and a beta of 1.13. Ethan Allen Interiors has a 12 month low of $24.55 and a 12 month high of $32.61. The stock’s fifty day moving average price is $29.51 and its 200-day moving average price is $28.19.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. Analysts forecast that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $29.37, for a total value of $440,550.00. Following the completion of the sale, the chief executive officer owned 1,598,652 shares of the company’s stock, valued at approximately $46,952,409.24. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors have recently added to or reduced their stakes in ETD. IFP Advisors Inc boosted its holdings in Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company’s stock worth $25,000 after acquiring an additional 900 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after purchasing an additional 2,398 shares during the period. AlphaQuest LLC lifted its holdings in shares of Ethan Allen Interiors by 344.8% during the first quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock worth $94,000 after purchasing an additional 2,634 shares during the period. Quarry LP lifted its holdings in shares of Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after purchasing an additional 1,880 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Ethan Allen Interiors during the first quarter worth about $138,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in 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 comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent 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.