Ethan Allen Interiors (NYSE:ETH) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.
Several other research firms have also issued reports on ETH. Telsey Advisory Group dropped their price objective on Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. ValuEngine downgraded shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Finally, Zacks Investment Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $20.15.
Shares of ETH stock traded down $0.03 during trading hours on Tuesday, hitting $17.19. The company had a trading volume of 2,213 shares, compared to its average volume of 263,068. Ethan Allen Interiors has a 12 month low of $16.63 and a 12 month high of $23.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.46. The firm’s fifty day moving average is $18.78 and its 200 day moving average is $19.41. The firm has a market capitalization of $475.42 million, a price-to-earnings ratio of 11.00 and a beta of 0.89.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $173.92 million during the quarter, compared to the consensus estimate of $174.07 million. Ethan Allen Interiors had a return on equity of 11.39% and a net margin of 4.23%. Ethan Allen Interiors’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. On average, sell-side analysts expect that Ethan Allen Interiors will post 1.52 EPS for the current fiscal year.
In related news, SVP Daniel M. Grow sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.24, for a total transaction of $28,860.00. Following the sale, the senior vice president now directly owns 4,214 shares in the company, valued at approximately $81,077.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ETH. Vanguard Group Inc. lifted its position in Ethan Allen Interiors by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,730,949 shares of the company’s stock worth $57,514,000 after buying an additional 95,984 shares in the last quarter. Northern Trust Corp increased its position in Ethan Allen Interiors by 1.2% in the 2nd quarter. Northern Trust Corp now owns 640,397 shares of the company’s stock valued at $13,486,000 after acquiring an additional 7,370 shares in the last quarter. Invesco Ltd. increased its position in Ethan Allen Interiors by 4.3% in the 2nd quarter. Invesco Ltd. now owns 633,322 shares of the company’s stock valued at $13,338,000 after acquiring an additional 26,395 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Ethan Allen Interiors by 3.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 614,218 shares of the company’s stock worth $12,935,000 after acquiring an additional 21,250 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Ethan Allen Interiors by 304.4% in the third quarter. Systematic Financial Management LP now owns 514,288 shares of the company’s stock worth $9,823,000 after acquiring an additional 387,113 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.
About Ethan Allen Interiors
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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