Ethan Allen Interiors (NYSE:ETD) Given Hold (C+) Rating at Weiss Ratings

Ethan Allen Interiors (NYSE:ETD - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

ETD has been the topic of several other research reports. Zacks Research upgraded Ethan Allen Interiors from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Telsey Advisory Group restated a "market perform" rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Ethan Allen Interiors presently has an average rating of "Hold" and a consensus price target of $30.00.

Ethan Allen Interiors Trading Up 1.5%

NYSE ETD opened at $28.11 on Wednesday. The business's 50-day moving average price is $29.36 and its two-hundred day moving average price is $28.23. Ethan Allen Interiors has a 12 month low of $24.55 and a 12 month high of $32.61. The firm has a market capitalization of $715.40 million, a PE ratio of 13.99 and a beta of 1.12.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The firm had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. During the same quarter in the previous year, the company posted $0.70 EPS. The business's revenue was down 4.9% on a year-over-year basis. As a group, analysts forecast that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $29.37, for a total value of $440,550.00. Following the transaction, the chief executive officer owned 1,598,652 shares in the company, valued at approximately $46,952,409.24. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.92% of the company's stock.

Institutional Trading of Ethan Allen Interiors

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after acquiring an additional 900 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after acquiring an additional 2,398 shares during the last quarter. AlphaQuest LLC increased its position in shares of Ethan Allen Interiors by 344.8% during the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after acquiring an additional 2,634 shares during the last quarter. Quarry LP increased its position in shares of Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company's stock valued at $124,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Ethan Allen Interiors during the first quarter valued at approximately $138,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

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.

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