Ethan Allen Interiors Inc. (NYSE:ETH) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.75.
Several equities analysts recently issued reports on ETH shares. BidaskClub downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. TheStreet raised shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research note on Thursday, June 29th. Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, October 13th. Stifel Nicolaus reissued a “hold” rating and set a $27.00 price objective on shares of Ethan Allen Interiors in a research note on Friday, October 13th. Finally, KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday.
A number of large investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN raised its stake in Ethan Allen Interiors by 0.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,266,066 shares of the company’s stock worth $73,194,000 after purchasing an additional 7,231 shares during the period. The Manufacturers Life Insurance Company raised its stake in Ethan Allen Interiors by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock worth $627,000 after purchasing an additional 225 shares during the period. State Street Corp raised its stake in Ethan Allen Interiors by 3.5% during the second quarter. State Street Corp now owns 623,524 shares of the company’s stock worth $20,136,000 after purchasing an additional 21,202 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in Ethan Allen Interiors by 32.4% during the second quarter. Intrinsic Edge Capital Management LLC now owns 349,192 shares of the company’s stock worth $11,279,000 after purchasing an additional 85,534 shares during the period. Finally, AHL Partners LLP purchased a new position in Ethan Allen Interiors during the second quarter worth approximately $423,000. 99.41% of the stock is currently owned by institutional investors.
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Shares of Ethan Allen Interiors (ETH) traded up 2.65% during mid-day trading on Wednesday, hitting $31.00. 391,268 shares of the stock were exchanged. Ethan Allen Interiors has a one year low of $26.75 and a one year high of $38.80. The company has a 50-day moving average of $30.61 and a 200 day moving average of $30.14. The stock has a market cap of $850.86 million, a PE ratio of 24.03 and a beta of 1.20.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $194.90 million for the quarter, compared to the consensus estimate of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts predict that Ethan Allen Interiors will post $1.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s payout ratio is 58.92%.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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