Ethan Allen Interiors (NYSE:ETD – Get Note) saw its target price lowered by stock analysts Telsey Advisory Group from $26.00 to $25.00 in a research report released on Monday, Stock Target Advisor reports. The brokerage currently has a “market performance” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 8.74% from the company’s current price.
Separately, StockNews.com upgraded Ethan Allen Interiors shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 research report.
Ethan Allen Interiors Stock up to 0.0%
ETD opened at $22.99 on Monday. Ethan Allen Interiors has a 52-week low of $19.60 and a 52-week high of $28.04. The company has a 50-day moving average of $21.83 and a 200-day moving average of $24.13. The stock has a market capitalization of $582.15 million, a PE ratio of 6.53 and a beta of 1.15.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released quarterly earnings data 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. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company posted revenue of $197.66 million for the quarter, compared to $197.10 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.58. The company’s revenue for the quarter increased by 11.7% compared to the same quarter last year. Equity analysts expect Ethan Allen Interiors to post EPS of 3.48 for the current year.
Institutional investors weigh in on Ethan Allen Interiors
Institutional investors and hedge funds have recently changed their positions in the stock. First Citizens Bank & Trust Co. acquired a new stake in Ethan Allen Interiors during Q4 valued at approximately $215,000. Pacer Advisors Inc. acquired a new stake in Ethan Allen Interiors in the first quarter valued at $4,156,000. Everence Capital Management Inc. acquired a new equity stake in Ethan Allen Interiors during Q1 valued at approximately $429,000. Maryland State Retirement & Pension System bought a new position in Ethan Allen Interiors stock in the first quarter worth $232,000. Finally, Cim LLC purchased a new position in Ethan Allen Interiors stock during Q1 worth approximately $356,000. 85.11% of the shares are held by hedge funds and other institutional investors.
Ethan Allen Interiors Company Profile
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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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