Stifel Nicolaus Raises Ethan Allen Interiors Inc. (ETH) Price Target to $30.00
Ethan Allen Interiors Inc. (NYSE:ETH) had its price target increased by Stifel Nicolaus from $27.00 to $30.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.
A number of other brokerages have also weighed in on ETH. TheStreet raised Ethan Allen Interiors from a c+ rating to a b- rating in a research report on Thursday, June 29th. KeyCorp reaffirmed a hold rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Dougherty & Co raised Ethan Allen Interiors from a neutral rating to a buy rating and set a $35.00 target price for the company in a research report on Friday, October 13th. Finally, BidaskClub raised Ethan Allen Interiors from a hold rating to a buy rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $33.50.
Shares of Ethan Allen Interiors (ETH) opened at 30.05 on Thursday. The stock has a market capitalization of $824.78 million, a PE ratio of 23.29 and a beta of 1.20. Ethan Allen Interiors has a 52 week low of $26.75 and a 52 week high of $38.80. The company has a 50-day moving average price of $30.96 and a 200 day moving average price of $30.20.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business had revenue of $181.30 million during the quarter, compared to analyst estimates of $181.30 million. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. Ethan Allen Interiors’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts forecast that Ethan Allen Interiors will post $1.67 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ETH. Karp Capital Management Corp bought a new position in shares of Ethan Allen Interiors in the 1st quarter worth $282,000. Envestnet Asset Management Inc. raised its position in shares of Ethan Allen Interiors by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock worth $153,000 after acquiring an additional 180 shares in the last quarter. Arizona State Retirement System raised its position in shares of Ethan Allen Interiors by 1.5% in the 1st quarter. Arizona State Retirement System now owns 13,260 shares of the company’s stock worth $406,000 after acquiring an additional 200 shares in the last quarter. United Services Automobile Association bought a new position in shares of Ethan Allen Interiors in the 1st quarter worth $619,000. Finally, OppenheimerFunds Inc. raised its position in shares of Ethan Allen Interiors by 40.1% in the 1st quarter. OppenheimerFunds Inc. now owns 19,199 shares of the company’s stock worth $588,000 after acquiring an additional 5,492 shares in the last quarter. 96.78% of the stock is owned by hedge funds and other institutional investors.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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