Telsey Advisory Group Cuts Ethan Allen Interiors (ETH) Price Target to $26.00

Ethan Allen Interiors (NYSE:ETH) had its target price dropped by investment analysts at Telsey Advisory Group from $27.00 to $26.00 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 0.39% from the company’s current price.

A number of other brokerages have also recently weighed in on ETH. Stifel Nicolaus boosted their price target on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, October 13th. Finally, TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.80.

Ethan Allen Interiors (NYSE ETH) opened at $25.90 on Thursday. The company has a market cap of $718.37, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.70 and a beta of 1.40. Ethan Allen Interiors has a 12 month low of $24.85 and a 12 month high of $33.13.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.07%. The firm had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. research analysts expect that Ethan Allen Interiors will post 1.69 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Ethan Allen Interiors by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock valued at $627,000 after buying an additional 225 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Ethan Allen Interiors by 5.9% in the second quarter. Thrivent Financial For Lutherans now owns 15,340 shares of the company’s stock valued at $495,000 after buying an additional 860 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Ethan Allen Interiors by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 87,672 shares of the company’s stock valued at $2,832,000 after buying an additional 1,264 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Ethan Allen Interiors by 8.4% in the second quarter. Voya Investment Management LLC now owns 20,074 shares of the company’s stock valued at $648,000 after buying an additional 1,550 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Ethan Allen Interiors by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 327,865 shares of the company’s stock valued at $10,592,000 after buying an additional 1,663 shares during the last quarter. 99.41% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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