Ethan Allen Interiors (ETH) is Upgraded by Telsey Advisory Group to Outperform, Raises Price Target to $ 40

Ethan Allen Interiors (ETH) was Upgraded by Telsey Advisory Group to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $33 . Earlier the firm had a rating of “Market Perform ” on the company shares. Telsey Advisory Group advised their investors in a research report released on Jul 19, 2016.

Many Wall Street Analysts have commented on Ethan Allen Interiors. Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .Company shares were Reiterated by Dougherty & Company on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .

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 opened for trading at $34.76 and hit $35.1 on the upside on Monday, eventually ending the session at $34.97, with a gain of 0.52% or 0.18 points. The heightened volatility saw the trading volume jump to 1,06,066 shares. Company has a market cap of $970 M.

In a different news, on Jun 13, 2016, Domenick J. Esposito (director) purchased 1,000 shares at $33.14 per share price. According to the SEC, on May 2, 2016, Clinton A Clark (director) sold 500 shares at $34.01 per share price. On Mar 9, 2016, Tara I. Stacom (director) purchased 3,300 shares at $29.47 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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