TheStreet Downgrades Ethan Allen Interiors Inc. (ETH) to C+

Ethan Allen Interiors Inc. (NYSE:ETH) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Friday.

Several other equities research analysts have also recently weighed in on ETH. Stifel Nicolaus upped their target price on Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Ethan Allen Interiors presently has an average rating of “Buy” and an average price target of $33.50.

Shares of Ethan Allen Interiors (NYSE ETH) traded up 2.57% during mid-day trading on Friday, reaching $29.90. The company had a trading volume of 73,593 shares. The stock has a market capitalization of $820.67 million, a price-to-earnings ratio of 23.18 and a beta of 1.20. Ethan Allen Interiors has a 1-year low of $26.75 and a 1-year high of $38.80. The firm has a 50-day moving average price of $30.92 and a 200-day moving average price of $30.20.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts expect that Ethan Allen Interiors will post $1.67 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of ETH. BlackRock Inc. lifted its holdings in shares of Ethan Allen Interiors by 122,313.2% in the 1st quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after buying an additional 3,432,107 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Ethan Allen Interiors by 46.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 855,725 shares of the company’s stock worth $27,640,000 after purchasing an additional 271,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ethan Allen Interiors by 14.5% during the 2nd 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 during the last quarter. Royce & Associates LP lifted its stake in shares of Ethan Allen Interiors by 9.7% during the 2nd quarter. Royce & Associates LP now owns 2,501,960 shares of the company’s stock worth $80,813,000 after purchasing an additional 220,324 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ethan Allen Interiors by 24.3% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

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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