Raymond James downgraded shares of Ethan Allen Interiors (NYSE:ETH) from an outperform rating to a market perform rating in a report published on Monday, February 4th, Marketbeat reports. The brokerage currently has $18.45 price objective on the stock, down from their prior price objective of $22.75.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, December 27th. ValuEngine downgraded shares of Ethan Allen Interiors from a sell rating to a strong sell rating in a research note on Tuesday, November 6th. Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $23.00 to $22.00 and set a market perform rating on the stock in a research note on Thursday, October 25th. Finally, Dougherty & Co downgraded shares of Ethan Allen Interiors from a buy rating to a neutral rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $20.86.
NYSE:ETH traded up $0.21 during mid-day trading on Monday, reaching $20.29. The stock had a trading volume of 253,265 shares, compared to its average volume of 346,547. Ethan Allen Interiors has a fifty-two week low of $16.90 and a fifty-two week high of $25.55. The company has a market capitalization of $523.36 million, a P/E ratio of 15.03, a P/E/G ratio of 0.88 and a beta of 1.00.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Monday, January 28th. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Ethan Allen Interiors had a return on equity of 9.29% and a net margin of 4.55%. The firm had revenue of $197.20 million for the quarter, compared to the consensus estimate of $201.66 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Ethan Allen Interiors will post 1.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.75%. Ethan Allen Interiors’s payout ratio is presently 56.30%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Ethan Allen Interiors by 29.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 186,535 shares of the company’s stock valued at $3,281,000 after buying an additional 42,592 shares in the last quarter. Millennium Management LLC increased its stake in shares of Ethan Allen Interiors by 220.5% in the fourth quarter. Millennium Management LLC now owns 212,182 shares of the company’s stock valued at $3,732,000 after buying an additional 145,988 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Ethan Allen Interiors by 2.5% in the fourth quarter. Legal & General Group Plc now owns 58,834 shares of the company’s stock valued at $1,041,000 after buying an additional 1,407 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in Ethan Allen Interiors by 135.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 202,636 shares of the company’s stock worth $3,564,000 after purchasing an additional 116,739 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Ethan Allen Interiors in the fourth quarter worth about $196,000. 93.51% 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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