Ethan Allen Interiors (NYSE:ETH) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Ethan Allen Interiors (NYSE:ETH) from a strong sell rating to a hold rating in a report published on Wednesday, September 12th.

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 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. “

ETH has been the topic of a number of other reports. ValuEngine lowered Ethan Allen Interiors from a sell rating to a strong sell rating in a research report on Thursday, July 26th. Raymond James restated a buy rating and set a $27.00 price target on shares of Ethan Allen Interiors in a research report on Sunday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Ethan Allen Interiors presently has an average rating of Hold and an average price target of $27.60.

NYSE ETH traded down $0.86 during trading hours on Wednesday, reaching $19.85. 304,928 shares of the company’s stock were exchanged, compared to its average volume of 263,583. The firm has a market cap of $550.48 million, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. Ethan Allen Interiors has a one year low of $19.64 and a one year high of $32.30.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $205.60 million for the quarter, compared to analyst estimates of $200.01 million. Ethan Allen Interiors had a return on equity of 9.33% and a net margin of 4.74%. Ethan Allen Interiors’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. On average, research analysts anticipate that Ethan Allen Interiors will post 1.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Wednesday, October 10th will be given a $0.19 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $0.76 dividend on an annualized basis and a yield of 3.83%. Ethan Allen Interiors’s payout ratio is 56.30%.

In other Ethan Allen Interiors news, Chairman M Farooq Kathwari sold 37,882 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of $21.51, for a total value of $814,841.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ETH. Piedmont Investment Advisors LLC bought a new position in Ethan Allen Interiors in the 2nd quarter valued at $143,000. Stevens Capital Management LP acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $209,000. Verition Fund Management LLC acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $229,000. Itau Unibanco Holding S.A. acquired a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at $231,000. Finally, Trexquant Investment LP acquired a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at $239,000. Hedge funds and other institutional investors own 95.59% 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 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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