A number of other analysts also recently weighed in on ETH. Dougherty & Co upped their target price on Ethan Allen Interiors from $38.00 to $42.00 and gave the company a buy rating in a research report on Wednesday, July 27th. Raymond James Financial Inc. downgraded Ethan Allen Interiors from an outperform rating to a market perform rating in a research report on Wednesday, July 27th. Citigroup Inc. downgraded Ethan Allen Interiors to a market perform rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Telsey Advisory Group upgraded Ethan Allen Interiors from a market perform rating to an outperform rating and upped their target price for the company from $33.00 to $40.00 in a research report on Tuesday, July 19th. Finally, Argus reiterated a hold rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Ethan Allen Interiors presently has a consensus rating of Buy and a consensus target price of $36.20.
Shares of Ethan Allen Interiors (NYSE:ETH) opened at 30.03 on Friday. Ethan Allen Interiors has a 12 month low of $22.46 and a 12 month high of $36.77. The firm has a market capitalization of $833.24 million, a price-to-earnings ratio of 15.02 and a beta of 1.60. The company has a 50-day moving average price of $33.10 and a 200-day moving average price of $32.94.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Ethan Allen Interiors had a return on equity of 14.21% and a net margin of 7.13%. The firm had revenue of $205.70 million for the quarter, compared to analyst estimates of $200.28 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that Ethan Allen Interiors will post $2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. Ethan Allen Interiors’s dividend payout ratio is currently 34.00%.
In other Ethan Allen Interiors news, Director Clinton A. Clark sold 3,357 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $34.04, for a total value of $114,272.28. Following the completion of the transaction, the director now directly owns 3,679 shares in the company, valued at $125,233.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tara I. Stacom bought 3,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was purchased at an average price of $33.31 per share, with a total value of $99,930.00. Following the completion of the transaction, the director now directly owns 6,300 shares of the company’s stock, valued at approximately $209,853. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in Ethan Allen Interiors during the second quarter valued at approximately $165,000. Schwab Charles Investment Management Inc. increased its position in Ethan Allen Interiors by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 98,138 shares of the company’s stock valued at $3,243,000 after buying an additional 9,556 shares in the last quarter. Numeric Investors LLC increased its position in Ethan Allen Interiors by 29.0% in the second quarter. Numeric Investors LLC now owns 27,600 shares of the company’s stock valued at $912,000 after buying an additional 6,200 shares in the last quarter. Arizona State Retirement System increased its position in Ethan Allen Interiors by 1.5% in the second quarter. Arizona State Retirement System now owns 13,260 shares of the company’s stock valued at $438,000 after buying an additional 200 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Ethan Allen Interiors by 35.4% in the second quarter. AQR Capital Management LLC now owns 48,481 shares of the company’s stock valued at $1,602,000 after buying an additional 12,671 shares in the last quarter. Hedge funds and other institutional investors own 98.85% of the company’s stock.
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.
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