Ethan Allen Interiors (ETH) Upgraded at Zacks Investment Research

Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm presently has a $30.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.49% from the company’s current price.

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 ethanallen.com and a network of approximately 300 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. Approximately seventy percent of its products are made in its North American plants. “

A number of other research analysts have also weighed in on ETH. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price target (down previously from $33.00) on shares of Ethan Allen Interiors in a research note on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. TheStreet lowered shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 price target on shares of Ethan Allen Interiors in a research note on Friday, October 13th. Finally, Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.60.

Ethan Allen Interiors (ETH) opened at $27.40 on Friday. Ethan Allen Interiors has a one year low of $25.40 and a one year high of $33.92. The firm has a market cap of $733.47, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.

Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $181.30 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. equities analysts predict that Ethan Allen Interiors will post 1.69 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in ETH. Jane Street Group LLC lifted its position in shares of Ethan Allen Interiors by 105.4% in the third quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock worth $435,000 after purchasing an additional 263,436 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ethan Allen Interiors by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,881,931 shares of the company’s stock worth $60,786,000 after purchasing an additional 238,300 shares in the last quarter. Northern Trust Corp lifted its position in shares of Ethan Allen Interiors by 24.3% in the second quarter. Northern Trust Corp now owns 996,016 shares of the company’s stock worth $32,171,000 after purchasing an additional 194,421 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ethan Allen Interiors by 447.9% in the third quarter. JPMorgan Chase & Co. now owns 183,258 shares of the company’s stock worth $5,947,000 after purchasing an additional 149,808 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its position in shares of Ethan Allen Interiors by 32.4% in 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 in the last quarter.

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Ethan Allen Interiors Company Profile

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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