Ethan Allen Interiors (NYSE:ETD) PT Raised to $27.00 at Telsey Advisory Group

Ethan Allen Interiors (NYSE:ETD – Get Rating) had its price target hoisted by stock analysts at Telsey Advisory Group from $25.00 to $27.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price would indicate a potential downside of 3.47% from the stock’s current price.

Separately, StockNews.com raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Friday, January 13th.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $27.97 on Friday. Ethan Allen Interiors has a 52 week low of $19.60 and a 52 week high of $29.90. The stock has a market capitalization of $708.96 million, a P/E ratio of 6.33 and a beta of 1.18. The stock has a fifty day moving average of $27.57 and a 200-day moving average of $25.04.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.32. Ethan Allen Interiors had a return on equity of 27.53% and a net margin of 13.30%. The company had revenue of $214.53 million during the quarter, compared to analysts’ expectations of $206.40 million. During the same quarter in the previous year, the firm earned $0.80 EPS. Ethan Allen Interiors’s revenue was up 17.7% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors will post 3.54 earnings per share for the current year.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors and hedge funds have recently made changes to their positions in ETD. Tower Research Capital LLC TRC increased its stake in shares of Ethan Allen Interiors by 45.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,783 shares of the company’s stock valued at $38,000 after buying an additional 553 shares during the period. Metropolitan Life Insurance Co NY acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at about $39,000. PNC Financial Services Group Inc. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $41,000. Ameritas Investment Partners Inc. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $50,000. Finally, Captrust Financial Advisors bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $57,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

About Ethan Allen Interiors

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Ethan Allen Interiors, Inc is engaged in manufacturing home furnishings and accessories. The firm offers a full complement of home decorating and design solutions through its home furnishing retail networks. It operates through two segments: Wholesale and Retail. The Wholesale segment develops the brand of the company, encompasses all aspects of design, manufacture, sourcing, marketing, sale and distribution of its broad range of home furnishing and accents.