Ethan Allen Interiors Inc. (NYSE:ETH) Receives Consensus Rating of “Hold” from Brokerages

November 19th, 2019 - Comments Off - Filed Under - by Matthew Granger

Ethan Allen Interiors Inc. (NYSE:ETH) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.73.

A number of equities analysts have weighed in on ETH shares. ValuEngine lowered shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. Telsey Advisory Group cut their target price on shares of Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Zacks Investment Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, TheStreet upgraded shares of Ethan Allen Interiors from a “c” rating to a “b-” rating in a research report on Friday.

In other Ethan Allen Interiors news, SVP Daniel M. Grow sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $19.24, for a total transaction of $28,860.00. Following the completion of the transaction, the senior vice president now owns 4,214 shares in the company, valued at $81,077.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its position in shares of Ethan Allen Interiors by 0.6% in the second quarter. North Star Investment Management Corp. now owns 94,675 shares of the company’s stock valued at $1,994,000 after acquiring an additional 550 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Ethan Allen Interiors by 0.3% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 193,314 shares of the company’s stock valued at $4,071,000 after purchasing an additional 660 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Ethan Allen Interiors by 0.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 226,058 shares of the company’s stock valued at $35,242,000 after purchasing an additional 716 shares during the last quarter. Unison Advisors LLC lifted its position in Ethan Allen Interiors by 6.2% during the second quarter. Unison Advisors LLC now owns 13,261 shares of the company’s stock valued at $280,000 after purchasing an additional 776 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Ethan Allen Interiors by 0.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 321,143 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,190 shares during the last quarter. Institutional investors own 92.89% of the company’s stock.

NYSE:ETH traded up $0.07 on Tuesday, reaching $18.94. 1,731 shares of the company’s stock were exchanged, compared to its average volume of 217,053. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.46 and a quick ratio of 0.51. The firm has a market cap of $508.12 million, a price-to-earnings ratio of 12.11 and a beta of 0.94. Ethan Allen Interiors has a 52 week low of $16.63 and a 52 week high of $23.11. The stock has a fifty day simple moving average of $19.10 and a 200-day simple moving average of $19.80.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $173.92 million during the quarter, compared to analyst estimates of $174.07 million. Ethan Allen Interiors had a net margin of 4.23% and a return on equity of 11.39%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. As a group, sell-side analysts predict that Ethan Allen Interiors will post 1.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.84 dividend on an annualized basis and a yield of 4.44%. Ethan Allen Interiors’s dividend payout ratio is presently 53.85%.

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.