Analysts Set Ethan Allen Interiors Inc. (ETH) PT at $30.80

Shares of Ethan Allen Interiors Inc. (NYSE:ETH) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.00.

ETH has been the subject of a number of recent research reports. Zacks Investment Research raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Stifel Nicolaus upped their target price on Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Dougherty & Co raised Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, October 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price target (down previously from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday, January 17th. Finally, TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in shares of Ethan Allen Interiors by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock valued at $627,000 after buying an additional 225 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Ethan Allen Interiors by 5.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 15,340 shares of the company’s stock valued at $495,000 after purchasing an additional 860 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Ethan Allen Interiors by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 87,672 shares of the company’s stock valued at $2,832,000 after purchasing an additional 1,264 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Ethan Allen Interiors by 8.4% during the 2nd quarter. Voya Investment Management LLC now owns 20,074 shares of the company’s stock valued at $648,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ethan Allen Interiors by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 327,865 shares of the company’s stock valued at $10,592,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 99.41% of the company’s stock.

Shares of Ethan Allen Interiors (NYSE ETH) traded down $0.03 on Friday, reaching $24.87. The company’s stock had a trading volume of 136,277 shares, compared to its average volume of 370,553. Ethan Allen Interiors has a fifty-two week low of $24.45 and a fifty-two week high of $33.13. The firm has a market cap of $681.28, a PE ratio of 19.08, a PEG ratio of 1.67 and a beta of 1.40.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The business had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $198.50 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities analysts anticipate that Ethan Allen Interiors will post 1.6 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.06%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 58.46%.

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About Ethan Allen Interiors

Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.

Analyst Recommendations for Ethan Allen Interiors (NYSE:ETH)

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