Ethan Allen Interiors Inc. (NYSE:ETH) – Investment analysts at KeyCorp cut their Q1 2017 EPS estimates for Ethan Allen Interiors in a report issued on Tuesday. KeyCorp analyst B. Thomas now forecasts that the firm will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.55. KeyCorp also issued estimates for Ethan Allen Interiors’ Q3 2017 earnings at $0.36 EPS, Q4 2017 earnings at $0.59 EPS and FY2018 earnings at $2.18 EPS.
ETH has been the subject of several other reports. Telsey Advisory Group raised Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $40.00 in a research report on Tuesday, July 19th. Nomura reaffirmed a “hold” rating and issued a $34.00 target price on shares of Ethan Allen Interiors in a research report on Friday, September 30th. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st. Raymond James Financial Inc. cut Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. cut Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.20.
Shares of Ethan Allen Interiors (NYSE:ETH) traded up 0.94% during midday trading on Wednesday, reaching $32.20. 160,793 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $32.03 and a 200-day moving average of $32.87. Ethan Allen Interiors has a 1-year low of $22.46 and a 1-year high of $36.77. The company has a market capitalization of $893.45 million, a PE ratio of 16.10 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ 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 earned $205.70 million during the quarter, compared to the consensus estimate of $200.28 million. During the same period in the prior year, the company earned $0.43 EPS. Ethan Allen Interiors’s revenue was up 6.3% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 annualized dividend and a yield of 2.13%. Ethan Allen Interiors’s dividend payout ratio is currently 34.00%.
In related news, Director Tara I. Stacom acquired 3,000 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was purchased at an average cost of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the purchase, the director now directly owns 6,300 shares of the company’s stock, valued at approximately $209,853. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Clinton A. Clark sold 3,357 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $34.04, for a total value of $114,272.28. Following the transaction, the director now owns 3,679 shares of the company’s stock, valued at $125,233.16. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 valued at $34,822,000 after buying an additional 763,855 shares in the last quarter. 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 valued at $12,496,000 after buying an additional 333,359 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Ethan Allen Interiors during the second quarter valued at about $9,456,000. 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 valued at $74,623,000 after buying an additional 184,707 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in Ethan Allen Interiors by 42.9% in the second quarter. Systematic Financial Management LP now owns 495,805 shares of the company’s stock valued at $16,381,000 after buying an additional 148,855 shares in the last quarter. Hedge funds and other institutional investors own 98.85% of the company’s stock.
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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