Zacks Investment Research Lowers Ethan Allen Interiors (ETH) to Sell

Ethan Allen Interiors (NYSE:ETH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of the Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including six manufacturing facilities in the United States plus a plant in Mexico and one in Honduras. “

Several other brokerages have also recently issued reports on ETH. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, October 25th. Raymond James restated a “buy” rating and issued a $27.00 target price on shares of Ethan Allen Interiors in a report on Sunday, August 12th. Finally, ValuEngine upgraded Ethan Allen Interiors from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Ethan Allen Interiors has an average rating of “Hold” and an average price target of $24.75.



NYSE:ETH traded up $0.41 during trading hours on Tuesday, hitting $19.93. The company had a trading volume of 372,600 shares, compared to its average volume of 278,062. The stock has a market cap of $523.41 million, a P/E ratio of 14.76, a PEG ratio of 1.08 and a beta of 0.87. Ethan Allen Interiors has a 1 year low of $18.71 and a 1 year high of $30.10.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $187.79 million during the quarter, compared to analysts’ expectations of $186.90 million. Ethan Allen Interiors had a return on equity of 9.66% and a net margin of 4.89%. Analysts predict that Ethan Allen Interiors will post 1.51 EPS for the current year.

In other Ethan Allen Interiors news, Chairman M Farooq Kathwari sold 37,882 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $21.51, for a total value of $814,841.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew 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 purchasing an additional 85,620 shares during the period. Dimensional Fund Advisors LP grew 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 purchasing an additional 83,374 shares during the period. Schwab Charles Investment Management Inc. grew 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 purchasing an additional 39,044 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in shares of Ethan Allen Interiors by 7.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 276,625 shares of the company’s stock worth $6,777,000 after purchasing an additional 19,700 shares during the period. Finally, Foundry Partners LLC grew its holdings in shares of Ethan Allen Interiors by 6.9% during the 3rd quarter. Foundry Partners LLC now owns 218,835 shares of the company’s stock worth $4,541,000 after purchasing an additional 14,155 shares during the period. Institutional investors own 95.49% of the company’s stock.

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.

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