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Ethan Allen Interiors (NYSE: ETD) rose to $27.00 on Telsey Advisory Group

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Ethan Allen Interiors (NYSE: ETD – Get rated) Telsey Advisory Group raised its price target from $25.00 to $27.00 in a research note issued to investors on Friday, Benzinga reports. The company currently has a “Market Perform” rating on the stock. Telsey Advisory Group’s price target indicates a potential decline of 2.24% from the company’s previous close.

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Separately, StockNews.com upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Friday, January 13th.

Ethan Allen Interiors price performance

Shares of Ethan Allen Interiors opened at $27.62 on Friday. Ethan Allen Interiors has a one-year low of $19.60 and a one-year high of $29.90. The company’s 50-day moving average is $27.58 and its 200-day moving average is $24.96. The stock has a market capitalization of $700.08 million, a price-to-earnings ratio of 6.25 and a beta of 1.18.

Ethan Allen Interiors (NYSE: ETD – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported earnings of $1.11 per share for the quarter, beating analyst estimates of $0.79 by $0.32. Ethan Allen Interiors had a net profit margin of 13.30% and a return on equity of 27.53%. The company had revenue of $214.53 million for the quarter, compared to analyst expectations of $206.40 million. During the same period last year, the company earned $0.80 EPS. The company’s revenue increased by 17.7% compared to the same quarter last year. On average, equity analysts expect Ethan Allen Interiors to post 3.54 earnings per share for the current year.

Institutional Trading for Ethan Allen Insider

A number of institutional investors have recently modified their ETD holdings. Ritholtz Wealth Management increased its position in shares of Ethan Allen Interiors by 2.0% in the fourth quarter. Ritholtz Wealth Management now owns 25,321 shares of the company’s stock valued at $669,000 after purchasing an additional 499 shares during the most recent quarter. SummerHaven Investment Management LLC raised its position in shares of Ethan Allen Interiors by 1.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 36,620 shares of the company’s stock valued at $968,000 after purchasing an additional 397 shares during the last quarter. The Maryland Retirement and Retirement System purchased a new position in shares of Ethan Allen Interiors in the fourth quarter valued at approximately $249,000. Range Financial Group LLC purchased a new position in shares of Ethan Allen Interiors in the fourth quarter for approximately $942,000. Finally, Hennion & Walsh Asset Management Inc. Its position is in shares of Ethan Allen Interiors, up 17.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. Now 15,586 shares of company stock valued at $412,000 after purchasing an additional 2,304 shares during the last quarter. 84.13% of the shares are currently owned by investment institutions.

About Ethan Allen Interiors

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Ethan Allen Interiors is a manufacturer of home furnishings and accessories. The company offers a full range of home decoration and design solutions through its home furnishing retail networks. It operates through two divisions: wholesale and retail. The wholesale segment develops the company’s brand, encompassing all aspects of the design, manufacturing, sourcing, marketing, sale and distribution of a wide range of home furnishings and accents.

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