Telsey Advisory Group Reiterates “Market Perform” Rating for Ethan Allen Interiors (NYSE:ETD)

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $30.00 price objective on the stock. Telsey Advisory Group’s price target would indicate a potential downside of 10.10% from the stock’s previous close.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $33.37 on Thursday. The firm’s 50-day moving average is $32.60 and its two-hundred day moving average is $30.33. The stock has a market capitalization of $847.60 million, a P/E ratio of 10.70 and a beta of 1.22. Ethan Allen Interiors has a 12-month low of $24.76 and a 12-month high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.09). Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The business had revenue of $167.28 million during the quarter, compared to analyst estimates of $179.20 million. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s revenue was down 17.7% on a year-over-year basis. As a group, analysts forecast that Ethan Allen Interiors will post 2.7 EPS for the current year.

Institutional Trading of Ethan Allen Interiors

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Unison Advisors LLC grew its position in Ethan Allen Interiors by 1.2% during the first quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock valued at $1,000,000 after acquiring an additional 338 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Ethan Allen Interiors by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 24,882 shares of the company’s stock valued at $794,000 after buying an additional 347 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Ethan Allen Interiors by 1.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 33,574 shares of the company’s stock valued at $1,072,000 after buying an additional 378 shares in the last quarter. Range Financial Group LLC raised its holdings in shares of Ethan Allen Interiors by 1.1% during the 1st quarter. Range Financial Group LLC now owns 41,694 shares of the company’s stock valued at $1,441,000 after buying an additional 469 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Ethan Allen Interiors by 6.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company’s stock worth $369,000 after acquiring an additional 711 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

About Ethan Allen Interiors

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.