Ethan Allen Interiors Inc. (NYSE:ETH) has earned an average recommendation of “Buy” from the eight analysts that are covering the firm. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $37.50.
Several research analysts have recently issued reports on ETH shares. Dougherty & Co boosted their price objective on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Raymond James Financial Inc. cut shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Nomura reissued a “hold” rating and issued a $34.00 target price on shares of Ethan Allen Interiors in a research note on Friday, September 30th. Citigroup Inc. cut shares of Ethan Allen Interiors to a “market perform” rating in a research note on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Sunday, July 31st.
In other news, Director Tara I. Stacom purchased 3,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, September 21st. The shares were purchased at an average cost of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the transaction, the director now directly owns 6,300 shares in the company, valued at $209,853. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Clinton A. Clark sold 3,357 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $34.04, for a total transaction of $114,272.28. Following the completion of the transaction, the director now owns 3,679 shares in the company, valued at $125,233.16. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ETH. LSV Asset Management raised its position in Ethan Allen Interiors by 263.3% in the second quarter. LSV Asset Management now owns 1,053,957 shares of the company’s stock worth $34,822,000 after buying an additional 763,855 shares during the period. Norges Bank purchased a new position in Ethan Allen Interiors during the fourth quarter worth approximately $11,138,000. AJO LP raised its position in Ethan Allen Interiors by 743.5% in the second quarter. AJO LP now owns 378,197 shares of the company’s stock worth $12,496,000 after buying an additional 333,359 shares during the period. Emerald Acquisition Ltd. purchased a new position in Ethan Allen Interiors during the second quarter worth approximately $9,456,000. Finally, Vanguard Group Inc. raised its position in Ethan Allen Interiors by 8.9% in the second quarter. Vanguard Group Inc. now owns 2,258,558 shares of the company’s stock worth $74,623,000 after buying an additional 184,707 shares during the period. Hedge funds and other institutional investors own 98.85% of the company’s stock.
Shares of Ethan Allen Interiors (NYSE:ETH) opened at 30.32 on Tuesday. The stock’s 50 day moving average price is $32.74 and its 200-day moving average price is $32.90. Ethan Allen Interiors has a 12-month low of $22.46 and a 12-month high of $36.77. The company has a market cap of $841.29 million, a PE ratio of 15.16 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Ethan Allen Interiors had a net margin of 7.13% and a return on equity of 14.21%. The company had revenue of $205.70 million for the quarter, compared to the consensus estimate of $200.28 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Ethan Allen Interiors will post $2.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, October 10th will be given a $0.17 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.24%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 34.00%.
About Ethan Allen Interiors
Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.
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