Ethan Allen Interiors (NYSE: ETD – Get Note) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note released Tuesday to investors.
Separately, Zacks Investment Research downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a Tuesday, May 3, report.
Shares of Ethan Allen Interiors opened at $24.12 on Tuesday. The stock has a market capitalization of $610.77 million, a PE ratio of 6.85 and a beta of 1.10. Ethan Allen Interiors has a 52-week low of $22.02 and a 52-week high of $31.11. The company has a 50-day simple moving average of $25.71 and a two-hundred-day simple moving average of $25.32.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last reported results on Thursday, April 28. The company reported earnings per share (EPS) of $0.93 for the quarter, beating the consensus estimate of $0.76 by $0.17. The company posted revenue of $197.66 million in the quarter, compared to $197.10 million expected by analysts. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company’s revenue for the quarter increased by 11.7% compared to the same quarter last year. During the same period of the previous year, the company made earnings per share of $0.58. On average, research analysts expect Ethan Allen Interiors to post earnings per share of 3.49 for the current fiscal year.
Institutional investors have recently changed their stock portfolios. Hillsdale Investment Management Inc. bought a new position in Ethan Allen Interiors during the first quarter worth approximately $33,000. Metropolitan Life Insurance Co NY bought a new position in Ethan Allen Interiors during the first quarter worth approximately $39,000. PNC Financial Services Group Inc. bought a new position in Ethan Allen Interiors during the first quarter worth approximately $41,000. Dorsey Wright & Associates bought a new position in Ethan Allen Interiors during the first quarter worth approximately $42,000. Finally, Fifth Third Bancorp bought a new position in Ethan Allen Interiors during the first quarter worth about $43,000. Institutional investors hold 85.11% of the company’s shares.
Ethan Allen Interiors Company Profile (Get an assessment)
Ethan Allen Interiors Inc operates as an interior design company and home furnishings manufacturer and retailer in the United States, Mexico, Honduras and Canada. The Company operates through two segments, Wholesale and Retail. Its products include storage items, such as beds, dressers, cabinets, tables, chairs, sideboards, entertainment units, home office furniture and wood accents; upholstery items including sleepers, recliners and other moveable furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather; and home accent items including window treatments and drapery hardware, wall hangings, flowers, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furniture.
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