Ethan Allen Interiors (ETH) is Reiterated by Telsey Advisory Group to Market Perform, Raises Price Target to $ 33

Ethan Allen Interiors (ETH) was Reiterated by Telsey Advisory Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $32 . Telsey Advisory Group advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Ethan Allen Interiors. Company shares were Reiterated by Telsey Advisory Group on Apr 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .

On the company’s financial health, Ethan Allen Interiors reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.31. The company had revenue of $190.60 million for the quarter, compared to analysts expectations of $183.04 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Ethan Allen Interiors closed down -0.21 points or -0.67% at $31.02 with 2,13,007 shares getting traded on Friday. Post opening the session at $31.27, the shares hit an intraday low of $30.89 and an intraday high of $31.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 9, 2016, Tara I. Stacom (director) purchased 3,300 shares at $29.47 per share price. According to the SEC, on Mar 8, 2016, John J Jr Dooner (director) purchased 10,100 shares at $29.49 per share price. On Mar 2, 2016, Clinton A Clark (director) sold 500 shares at $28.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Ethan Allen Interiors Inc. (Ethan Allen) through its wholly owned subsidiary Ethan Allen Global Inc. is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through and a network of approximately 300 design centers in the United States. The Company owns and operates eight manufacturing facilities including five manufacturing plants and one sawmill in the United States and a manufacturing plant in each of Mexico and Honduras. The Company operates in two segments including wholesale and retail. The wholesale segment develops designs manufactures sells and distributes home furnishings and accents. The retail segment is engaged in selling of home furnishings and accents to consumers.

Ethan Allen Interiors

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