Ethan Allen Interiors (NYSE:ETD) Rating Lowered to “Strong Sell” at Zacks Research

Ethan Allen Interiors (NYSE:ETD) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Telsey Advisory Group dropped their price objective on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average price target of $24.00.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $18.85 on Thursday. The firm has a market capitalization of $479.61 million, a price-to-earnings ratio of 11.93 and a beta of 1.04. Ethan Allen Interiors has a 52-week low of $18.28 and a 52-week high of $31.41. The stock has a fifty day moving average of $21.78 and a 200 day moving average of $23.07.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $135.84 million during the quarter, compared to analyst estimates of $134.85 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. Equities analysts forecast that Ethan Allen Interiors will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in 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 worth $85,000 after purchasing an additional 2,398 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after purchasing an additional 2,219 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Ethan Allen Interiors in the 1st quarter worth $88,000. CWM LLC raised its position in Ethan Allen Interiors by 391.4% in the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $125,000 after purchasing an additional 3,374 shares during the period. Finally, AlphaQuest LLC raised its position in Ethan Allen Interiors by 106.0% in the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after purchasing an additional 2,359 shares during the period. Institutional investors own 83.80% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.