Ethan Allen Interiors (NYSE:ETD) Raised to “Hold” at Wall Street Zen

Ethan Allen Interiors (NYSE:ETD) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

ETD has been the topic of several other reports. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings raised shares of Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, January 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

Ethan Allen Interiors Stock Down 1.7%

ETD opened at $22.80 on Friday. The stock has a market cap of $580.36 million, a P/E ratio of 13.26 and a beta of 1.20. Ethan Allen Interiors has a 12 month low of $21.67 and a 12 month high of $31.41. The company has a fifty day simple moving average of $23.67 and a 200 day simple moving average of $25.70.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The firm had revenue of $149.92 million during the quarter, compared to analysts’ expectations of $152.25 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 2,168 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $54,221.68. Following the completion of the transaction, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after purchasing an additional 2,398 shares during the period. Nisa Investment Advisors LLC grew its holdings in Ethan Allen Interiors by 76.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock valued at $120,000 after buying an additional 2,267 shares in the last quarter. CWM LLC increased its position in Ethan Allen Interiors by 391.4% during the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $125,000 after buying an additional 3,374 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock worth $130,000 after buying an additional 1,565 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Ethan Allen Interiors by 106.0% in the third quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock valued at $135,000 after acquiring an additional 2,359 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.