Ethan Allen Interiors (NYSE:ETD) Rating Lowered to “Strong Sell” at Zacks Research

Ethan Allen Interiors (NYSE:ETD) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the company. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $22.00.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $22.40 on Thursday. Ethan Allen Interiors has a 1-year low of $18.28 and a 1-year high of $31.41. The company’s fifty day simple moving average is $21.78 and its 200-day simple moving average is $22.23. The stock has a market capitalization of $570.03 million, a PE ratio of 14.36 and a beta of 1.01.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The firm had revenue of $146.75 million during the quarter, compared to analyst estimates of $148.70 million. During the same period in the prior year, the business posted $0.49 EPS. Ethan Allen Interiors’s revenue was down 8.5% on a year-over-year basis. As a group, research analysts anticipate that Ethan Allen Interiors will post 1.35 EPS for the current year.

Institutional Trading of Ethan Allen Interiors

A number of institutional investors and hedge funds have recently bought and sold shares of ETD. Balyasny Asset Management L.P. purchased a new position in shares of Ethan Allen Interiors during the second quarter valued at about $5,845,000. JPMorgan Chase & Co. raised its holdings in shares of Ethan Allen Interiors by 260.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock worth $5,647,000 after acquiring an additional 138,452 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ethan Allen Interiors by 198.3% in the fourth quarter. Millennium Management LLC now owns 206,945 shares of the company’s stock valued at $4,727,000 after purchasing an additional 137,566 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Ethan Allen Interiors by 42.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 391,769 shares of the company’s stock worth $11,542,000 after purchasing an additional 117,047 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Ethan Allen Interiors by 31.2% during the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after purchasing an additional 88,383 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.