Zacks Research Upgrades Ethan Allen Interiors (NYSE:ETD) to Hold

Key Points

• Zacks Research has upgraded Ethan Allen Interiors from a "strong sell" to a "hold" rating, signaling a more stable outlook for the stock.
• The company's shares have a target price of $30.00, and currently have an average rating of "Hold" from three research analysts.
• Ethan Allen reported a revenue of $160.36 million for the quarter, exceeding expectations and showing a 4.9% decline from the previous year.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, July 31st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $30.00.

Ethan Allen Interiors Trading Up 0.1%

NYSE ETD opened at $29.47 on Monday. The stock's 50 day moving average is $29.51 and its 200 day moving average is $28.19. Ethan Allen Interiors has a 12 month low of $24.55 and a 12 month high of $32.61. The stock has a market cap of $750.01 million, a PE ratio of 14.66 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping 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 company had revenue of $160.36 million for the quarter, compared to analysts' expectations of $152.20 million. During the same period in the previous year, the firm earned $0.70 EPS. The firm's revenue was down 4.9% compared to the same quarter last year. On average, analysts forecast that Ethan Allen Interiors will post 2.32 EPS 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 Ethan Allen Interiors 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 sale, the chief executive officer owned 1,598,652 shares of the company's stock, valued at $46,952,409.24. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its position in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after buying an additional 900 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after buying an additional 2,398 shares during the last quarter. AlphaQuest LLC raised its stake in Ethan Allen Interiors by 344.8% in the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after buying an additional 2,634 shares during the last quarter. Quarry LP raised its stake in Ethan Allen Interiors by 72.2% in the first quarter. Quarry LP now owns 4,484 shares of the company's stock valued at $124,000 after buying an additional 1,880 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Ethan Allen Interiors in the first quarter valued at about $138,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.