Zacks Investment Research Lowers Ethan Allen Interiors (ETH) to Sell

Zacks Investment Research lowered shares of Ethan Allen Interiors (NYSE:ETH) from a hold rating to a sell rating in a research note released on Thursday.

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 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. “

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Several other brokerages have also recently issued reports on ETH. Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $27.00 to $26.00 and set a market perform rating on the stock in a report on Thursday, January 25th. Stifel Nicolaus decreased their price objective on Ethan Allen Interiors from $30.00 to $27.00 and set a hold rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Ethan Allen Interiors has an average rating of Hold and a consensus target price of $29.50.

ETH stock opened at $22.75 on Thursday. The company has a market capitalization of $625.08, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. Ethan Allen Interiors has a 1-year low of $22.00 and a 1-year high of $33.13.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $198.50 million for the quarter, compared to analysts’ expectations of $198.50 million. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. equities analysts anticipate that Ethan Allen Interiors will post 1.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.34%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 52.41%.

In related news, CFO Corey Whitely purchased 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of $24.65 per share, for a total transaction of $41,905.00. Following the acquisition, the chief financial officer now owns 12,574 shares of the company’s stock, valued at approximately $309,949.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman M Farooq Kathwari purchased 4,090 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average price of $24.37 per share, for a total transaction of $99,673.30. The disclosure for this purchase can be found here. Insiders have bought a total of 6,630 shares of company stock worth $161,654 over the last ninety days. Insiders own 10.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas purchased a new stake in Ethan Allen Interiors during the 4th quarter valued at $256,000. PEAK6 Investments L.P. purchased a new stake in Ethan Allen Interiors during the 4th quarter valued at $258,000. Fox Run Management L.L.C. purchased a new stake in Ethan Allen Interiors during the 4th quarter valued at $311,000. Capital Fund Management S.A. raised its holdings in Ethan Allen Interiors by 58.6% during the 4th quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock valued at $317,000 after buying an additional 4,100 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in Ethan Allen Interiors during the 4th quarter valued at $348,000. Institutional investors own 99.41% of the company’s stock.

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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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