Ethan Allen Interiors Inc. (ETH) Receives Average Recommendation of “Buy” from Brokerages

Ethan Allen Interiors Inc. (NYSE:ETH) has been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.75.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $27.00 price target on shares of Ethan Allen Interiors in a report on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. BidaskClub lowered shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. TheStreet raised shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a report on Thursday, June 29th. 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 report on Friday, October 13th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Ethan Allen Interiors by 10.2% in the 3rd quarter. Fisher Asset Management LLC now owns 89,647 shares of the company’s stock worth $2,905,000 after purchasing an additional 8,282 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Ethan Allen Interiors by 0.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,266,066 shares of the company’s stock worth $73,194,000 after purchasing an additional 7,231 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ethan Allen Interiors by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock worth $627,000 after purchasing an additional 225 shares during the last quarter. State Street Corp grew its holdings in shares of Ethan Allen Interiors by 3.5% in the 2nd quarter. State Street Corp now owns 623,524 shares of the company’s stock worth $20,136,000 after purchasing an additional 21,202 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC grew its holdings in shares of Ethan Allen Interiors by 32.4% in the 2nd 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 during the last quarter. 99.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ethan Allen Interiors (ETH) traded down 0.48% on Wednesday, reaching $31.10. 228,539 shares of the company’s stock traded hands. Ethan Allen Interiors has a 52 week low of $26.75 and a 52 week high of $38.80. The firm has a market capitalization of $853.60 million, a P/E ratio of 24.11 and a beta of 1.20. The company’s 50-day moving average is $30.88 and its 200-day moving average is $30.17.

Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $194.90 million for the quarter, compared to analyst estimates of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Equities research analysts anticipate that Ethan Allen Interiors will post $1.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s payout ratio is 58.92%.

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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.

Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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