ValuEngine Upgrades Ethan Allen Interiors (NYSE:ETH) to “Buy”

Ethan Allen Interiors (NYSE:ETH) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, ValuEngine reports.

Several other equities analysts have also recently weighed in on ETH. Zacks Investment Research raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Friday, April 10th. Telsey Advisory Group lowered their price target on Ethan Allen Interiors from $16.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 2nd. Finally, Stifel Nicolaus increased their price target on Ethan Allen Interiors from $10.00 to $11.00 and gave the company a “hold” rating in a report on Tuesday, May 12th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.33.

ETH stock traded down $0.09 during midday trading on Monday, hitting $11.21. The company’s stock had a trading volume of 227,713 shares, compared to its average volume of 365,385. The company has a market cap of $293.00 million, a PE ratio of 16.73 and a beta of 1.15. Ethan Allen Interiors has a 12 month low of $8.38 and a 12 month high of $21.73. The company has a current ratio of 1.96, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average is $10.83 and its 200-day moving average is $14.37.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $149.80 million for the quarter, compared to analysts’ expectations of $149.95 million. Ethan Allen Interiors had a return on equity of 8.17% and a net margin of 2.59%. The firm’s quarterly revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Analysts expect that Ethan Allen Interiors will post 0.04 earnings per share for the current year.

In related news, CEO M Farooq Kathwari bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $9.80 per share, with a total value of $294,000.00. Following the acquisition, the chief executive officer now owns 1,934,377 shares in the company, valued at $18,956,894.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in ETH. Hotchkis & Wiley Capital Management LLC raised its holdings in Ethan Allen Interiors by 160.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,191 shares of the company’s stock worth $7,609,000 after purchasing an additional 245,910 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in Ethan Allen Interiors by 27.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 725,624 shares of the company’s stock worth $7,416,000 after purchasing an additional 157,507 shares during the period. Goldman Sachs Group Inc. increased its stake in Ethan Allen Interiors by 207.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 232,266 shares of the company’s stock worth $4,427,000 after buying an additional 156,804 shares in the last quarter. UBS Group AG increased its stake in Ethan Allen Interiors by 591.3% in the 4th quarter. UBS Group AG now owns 181,771 shares of the company’s stock worth $3,464,000 after buying an additional 155,478 shares in the last quarter. Finally, State Street Corp increased its stake in Ethan Allen Interiors by 12.7% in the 1st quarter. State Street Corp now owns 992,000 shares of the company’s stock worth $10,138,000 after buying an additional 111,749 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Company Profile

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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