The stock of Ethan Allen Interiors Inc. (NYSE:ETH) is a huge mover today! The stock decreased 3.04% or $0.95 during the last trading session, hitting $30.32. About 642,062 shares traded hands or 323.68% up from the average. Ethan Allen Interiors Inc. (NYSE:ETH) has risen 4.34% since March 1, 2016 and is uptrending. It has underperformed by 7.88% the S&P500.
The move comes after 7 months negative chart setup for the $842.64 million company. It was reported on Oct, 4 by Barchart.com. We have $28.50 PT which if reached, will make NYSE:ETH worth $50.56 million less.
Analysts await Ethan Allen Interiors Inc. (NYSE:ETH) to report earnings on October, 25. They expect $0.52 earnings per share, up 13.04% or $0.06 from last year’s $0.46 per share. ETH’s profit will be $14.45M for 14.58 P/E if the $0.52 EPS becomes a reality. After $0.57 actual earnings per share reported by Ethan Allen Interiors Inc. for the previous quarter, Wall Street now forecasts -8.77% negative EPS growth.
Ethan Allen Interiors Inc. (NYSE:ETH) Ratings Coverage
Out of 4 analysts covering Ethan Allen (NYSE:ETH), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Ethan Allen has been the topic of 6 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Wednesday, July 27 by Raymond James. Gabelli upgraded Ethan Allen Interiors Inc. (NYSE:ETH) rating on Wednesday, January 27. Gabelli has “Buy” rating and $34 price target. The firm has “Outperform” rating by Raymond James given on Wednesday, October 28. Dougherty & Company maintained Ethan Allen Interiors Inc. (NYSE:ETH) rating on Wednesday, July 29. Dougherty & Company has “Buy” rating and $35 price target. The stock has “Buy” rating given by Dougherty & Company on Wednesday, January 27. Telsey Advisory Group maintained Ethan Allen Interiors Inc. (NYSE:ETH) rating on Thursday, September 17. Telsey Advisory Group has “Market Perform” rating and $30 price target.
According to Zacks Investment Research, “Ethan Allen Inc. is a leading manufacturer and retailer of quality home furnishings, offering a full range of furniture products and accessories. Ethan Allen manufactures and distributes three principal product lines: case goods, consisting primarily of bedroom and dining room furniture, wall units and tables; upholstered products, consisting primarily of sofas, loveseats, chairs; home accessories, including carpeting and area rugs, wall decor, bedding ensembles, draperies, decorative accessories and indoor\outdoor furnishings.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.70, from 1.75 in 2016Q1. The ratio dived, as 13 funds sold all Ethan Allen Interiors Inc. shares owned while 61 reduced positions. 20 funds bought stakes while 58 increased positions. They now own 26.71 million shares or 0.12% less from 26.75 million shares in 2016Q1.
Acadian Asset Management Ltd Llc accumulated 35,313 shares or 0.01% of the stock. Old Mutual (Uk) Ltd reported 3,607 shares or 0% of all its holdings. Hbk L P holds 0.02% or 61,485 shares in its portfolio. Fmr Ltd Liability last reported 2.03 million shares in the company. Schwab Charles Inv Mgmt has 0% invested in the company for 98,138 shares. Profund Advisors Ltd holds 8,294 shares or 0.01% of its portfolio. Foundry Prtnrs Ltd accumulated 65,825 shares or 0.12% of the stock. Ameriprise reported 385,765 shares or 0.01% of all its holdings. Pier Cap Ltd Llc, a Connecticut-based fund reported 159,809 shares. Comerica Fincl Bank holds 0.01% or 25,479 shares in its portfolio. Gotham Asset Ltd Liability Corporation holds 0% or 10,760 shares in its portfolio. Alliancebernstein Lp holds 0.02% or 588,187 shares in its portfolio. Catalyst Advisors Ltd Liability Company has 0.09% invested in the company for 15,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 672 shares for 0% of their US portfolio. Panagora Asset Management holds 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH) for 5,665 shares.
Insider Transactions: Since April 29, 2016, the stock had 2 insider buys, and 2 sales for $1,784 net activity. Stacom Tara I. had bought 3,000 shares worth $99,918 on Wednesday, September 21. $33,140 worth of Ethan Allen Interiors Inc. (NYSE:ETH) was bought by Esposito Domenick J.. CLARK CLINTON A also sold $114,269 worth of Ethan Allen Interiors Inc. (NYSE:ETH) on Thursday, August 11.
More notable recent Ethan Allen Interiors Inc. (NYSE:ETH) news were published by: Wsj.com which released: “Ethan Allen’s Chief in Fight of His Life” on November 10, 2015, also Bloomberg.com with their article: “Ethan Allen Rises After Sandell Calls It an Ideal Buyout Target” published on July 15, 2015, Businesswire.com published: “Sandell Sends Letter to Chairman and CEO of Ethan Allen Interiors Inc.” on August 14, 2015. More interesting news about Ethan Allen Interiors Inc. (NYSE:ETH) were released by: Seekingalpha.com and their article: “Ethan Allen: Everything Must Go!” published on September 02, 2016 as well as Seekingalpha.com‘s news article titled: “Ethan Allen Interiors (ETH) M. Farooq Kathwari on Q4 2016 Results – Earnings …” with publication date: July 27, 2016.
ETH Company Profile
Ethan Allen Interiors Inc., incorporated on May 25, 1989, is an interior design company. The Firm is a maker and retailer of home furnishings. The Firm operates in two divisions, including wholesale and retail. The Firm is an international home fashion brand doing business in North America, Europe, Asia and the Middle East. It offers complimentary interior design service to its clients, and sells a range of furniture products and decorative accents through ethanallen.com and a network of design centers in the United States and abroad. As of June 30, 2016, the Company owned and operated nine manufacturing facilities located in the United States, Mexico and Honduras. As of June 30, 2016, the Company distributed its products through three distribution centers, which are owned by the Company, and located in New Jersey, Oklahoma and Virginia.
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