Ethan Allen Interiors (NYSE:ETH) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Ethan Allen Interiors (NYSE:ETH) from a buy rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

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. “

A number of other equities analysts have also recently issued reports on ETH. ValuEngine cut shares of Ethan Allen Interiors from a buy rating to a hold rating in a research note on Monday, August 3rd. Telsey Advisory Group increased their price objective on shares of Ethan Allen Interiors from $16.00 to $19.00 and gave the company a market perform rating in a research note on Tuesday, October 13th. Four investment analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and a consensus price target of $16.00.

Shares of Ethan Allen Interiors stock opened at $17.04 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.65 and a quick ratio of 0.75. Ethan Allen Interiors has a fifty-two week low of $8.38 and a fifty-two week high of $20.76. The firm has a fifty day moving average price of $14.59 and a two-hundred day moving average price of $12.36. The company has a market cap of $426.90 million, a PE ratio of 54.97 and a beta of 1.24.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.39. Ethan Allen Interiors had a net margin of 1.51% and a return on equity of 3.86%. The firm had revenue of $91.60 million during the quarter, compared to the consensus estimate of $111.38 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was down 50.2% on a year-over-year basis. Analysts expect that Ethan Allen Interiors will post 0.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Wednesday, October 7th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 161.54%.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Ethan Allen Interiors by 235.1% during the 2nd quarter. Bank of Montreal Can now owns 2,389 shares of the company’s stock worth $26,000 after purchasing an additional 1,676 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth about $33,000. Pacer Advisors Inc. increased its position in shares of Ethan Allen Interiors by 50.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,862 shares of the company’s stock worth $93,000 after purchasing an additional 2,630 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in shares of Ethan Allen Interiors during the 2nd quarter worth about $128,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth about $126,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States and internationally. The company operates in 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 accent 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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