Ethan Allen Interiors (NYSE:ETD) Price Target Raised to $27.00

Ethan Allen Interiors (NYSE:ETD – Get Rating) had its price objective upped by analysts at Telsey Advisory Group from $25.00 to $27.00 in a report released on Friday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential downside of 3.47% from the company’s current price.

Separately, StockNews.com raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Friday, January 13th.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $27.97 on Friday. The firm has a market capitalization of $708.96 million, a price-to-earnings ratio of 6.33 and a beta of 1.18. Ethan Allen Interiors has a 52-week low of $19.60 and a 52-week high of $29.90. The stock has a fifty day moving average of $27.57 and a 200 day moving average of $25.04.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.32. The company had revenue of $214.53 million during the quarter, compared to analyst estimates of $206.40 million. Ethan Allen Interiors had a return on equity of 27.53% and a net margin of 13.30%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. Equities analysts forecast that Ethan Allen Interiors will post 3.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds have recently added to or reduced their stakes in ETD. BlackRock Inc. bought a new stake in Ethan Allen Interiors during the first quarter worth about $114,406,000. Dimensional Fund Advisors LP purchased a new position in shares of Ethan Allen Interiors in the first quarter worth about $47,398,000. Vanguard Group Inc. purchased a new position in shares of Ethan Allen Interiors in the first quarter worth about $44,187,000. State Street Corp purchased a new position in shares of Ethan Allen Interiors in the first quarter worth about $24,777,000. Finally, UBS Group AG purchased a new position in shares of Ethan Allen Interiors in the first quarter worth about $23,880,000. Institutional investors own 84.13% of the company’s stock.

About Ethan Allen Interiors

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Ethan Allen Interiors, Inc is engaged in manufacturing home furnishings and accessories. The firm offers a full complement of home decorating and design solutions through its home furnishing retail networks. It operates through two segments: Wholesale and Retail. The Wholesale segment develops the brand of the company, encompasses all aspects of design, manufacture, sourcing, marketing, sale and distribution of its broad range of home furnishing and accents.