Ethan Allen Interiors (NYSE:ETH) had its price target reduced by Telsey Advisory Group from $23.00 to $22.00 in a report released on Thursday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.
Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Ethan Allen Interiors from a strong sell rating to a sell rating in a research report on Friday, October 12th. Raymond James reissued a buy rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a research report on Sunday, August 12th. Finally, Zacks Investment Research raised shares of Ethan Allen Interiors from a strong sell rating to a hold rating and set a $27.00 price objective for the company in a research report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Ethan Allen Interiors presently has an average rating of Hold and a consensus target price of $24.75.
Shares of ETH opened at $19.70 on Thursday. Ethan Allen Interiors has a one year low of $18.71 and a one year high of $31.30. The stock has a market capitalization of $523.41 million, a PE ratio of 14.59, a PEG ratio of 1.08 and a beta of 0.87.
In other news, Chairman M Farooq Kathwari sold 37,882 shares of Ethan Allen Interiors stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $21.51, for a total value of $814,841.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in ETH. BlackRock Inc. boosted its holdings in shares of Ethan Allen Interiors by 2.4% during the 2nd quarter. BlackRock Inc. now owns 3,703,905 shares of the company’s stock worth $90,746,000 after buying an additional 85,620 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ethan Allen Interiors by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,287,201 shares of the company’s stock worth $56,036,000 after buying an additional 83,374 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of Ethan Allen Interiors by 33.6% during the 1st quarter. Guggenheim Capital LLC now owns 170,854 shares of the company’s stock worth $3,922,000 after buying an additional 43,005 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ethan Allen Interiors by 14.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 316,847 shares of the company’s stock worth $7,763,000 after buying an additional 39,044 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth about $798,000. 95.49% of the stock is owned by institutional investors and hedge funds.
Ethan Allen Interiors Company Profile
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.
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