Telsey Advisory Group Reaffirms Market Perform Rating for Ethan Allen Interiors (NYSE:ETD)

Telsey Advisory Group reaffirmed their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research report sent to investors on Friday morning, Benzinga reports. Telsey Advisory Group currently has a $30.00 target price on the stock.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $32.04 on Friday. The firm has a market capitalization of $813.69 million, a price-to-earnings ratio of 10.27 and a beta of 1.22. The company’s 50 day simple moving average is $32.48 and its 200 day simple moving average is $30.28. Ethan Allen Interiors has a fifty-two week low of $24.76 and a fifty-two week high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. The business had revenue of $167.28 million for the quarter, compared to analyst estimates of $179.20 million. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, analysts predict that Ethan Allen Interiors will post 2.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

Large investors have recently made changes to their positions in the stock. AJOVista LLC acquired a new stake in shares of Ethan Allen Interiors in the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. boosted its holdings in Ethan Allen Interiors by 171.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after purchasing an additional 2,884 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $203,000. Arizona State Retirement System bought a new position in shares of Ethan Allen Interiors during the fourth quarter worth approximately $204,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Ethan Allen Interiors in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in 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 comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent 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.