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.
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
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.
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