Ethan Allen Interiors (ETH) Rating Increased to Strong-Buy at Zacks Investment Research

Share on StockTwits

Ethan Allen Interiors (NYSE:ETH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The brokerage currently has a $25.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 11.01% from the stock’s current price.

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. “

ETH has been the topic of several other research reports. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 target price (up previously from $20.00) on shares of Ethan Allen Interiors in a research note on Tuesday. ValuEngine upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Tuesday. Dougherty & Co downgraded shares of Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 29th. Finally, Raymond James downgraded shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $22.75 to $18.45 in a research note on Monday, February 4th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Ethan Allen Interiors has a consensus rating of “Hold” and an average target price of $21.48.

Shares of NYSE:ETH traded up $0.10 on Wednesday, hitting $22.52. The stock had a trading volume of 2,831 shares, compared to its average volume of 296,575. Ethan Allen Interiors has a twelve month low of $16.90 and a twelve month high of $25.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.46 and a current ratio of 1.77. The company has a market capitalization of $587.41 million, a PE ratio of 16.61, a P/E/G ratio of 0.98 and a beta of 1.09.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Monday, April 29th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.14. Ethan Allen Interiors had a net margin of 5.27% and a return on equity of 10.84%. The company had revenue of $177.80 million for the quarter, compared to the consensus estimate of $181.02 million. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts forecast that Ethan Allen Interiors will post 1.5 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ETH. Teton Advisors Inc. boosted its position in shares of Ethan Allen Interiors by 26.4% during the first quarter. Teton Advisors Inc. now owns 144,788 shares of the company’s stock valued at $2,770,000 after buying an additional 30,214 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Ethan Allen Interiors by 3.8% during the first quarter. Texas Permanent School Fund now owns 16,784 shares of the company’s stock valued at $321,000 after buying an additional 615 shares during the last quarter. Comerica Bank boosted its position in shares of Ethan Allen Interiors by 2.5% during the first quarter. Comerica Bank now owns 24,475 shares of the company’s stock valued at $486,000 after buying an additional 598 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Ethan Allen Interiors by 5.4% during the first quarter. Rhumbline Advisers now owns 101,913 shares of the company’s stock valued at $1,950,000 after buying an additional 5,261 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Ethan Allen Interiors during the first quarter valued at approximately $149,000. 91.33% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Oversold

Get a free copy of the Zacks research report on Ethan Allen Interiors (ETH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ethan Allen Interiors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ethan Allen Interiors and related companies with MarketBeat.com's FREE daily email newsletter.