Stock Insights on Ethan Allen Interiors Inc (NYSE:ETH)

[The Fly] Ethan Allen Interiors Inc (NYSE:ETH) resumed its stock repurchase program by utilizing $2.8M to purchase 103,766 shares. The board has authorized an increase to the stock repurchase authorization of 2M shares taking the total open repurchase authorization to 3M shares.

Ethan Allen’s board has declared a regular quarterly cash dividend of 14c per share, an increase of 16.7%, which will be payable to shareholders of record as of July 9, and will be paid on July 24.

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The company is expected to announce next quarter earnings on April 28, at consensus estimate of $0.21. Ethan Allen Interiors Inc (ETH) reported last quarter earnings on January 27. The Home Furnishings company announced earnings per share of $0.37 against a consensus Street estimate of $0.45, missing estimate by $0.08. This corresponds to an increase of $0.04 compared to the same quarter of the previous fiscal year.

Ethan Allen Interiors Inc (NYSE:ETH) is currently trading 18.82% below its 52-week-high, 20.08% above its 52-week-low. The 12-months range for the stock is $22.06 – $32.63. Ethan Allen Interiors Inc (ETH) has a price to earnings ratio of 15.957 versus S&P 500 average of 17.42. ETH stock price has underperformed the S&P 500 by 16.4%. The Home Furnishings company is currently valued at $0.7 billion and its share price closed the last trading session at $26.49. The stock has a 50-day moving average of $27.27 and a 200-day moving average of $28.03.

Ethan Allen Interiors Inc (ETH) current short interest stands at 4.15 million shares. It has increased by 3% from the same period of last month. Around 16% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.13 million shares, the number of days required to cover the short positions stand at 32.2 days.

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There are currently eleven analysts that cover ETH stock. Of those eleven, four have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $32.8.

A recent analyst activity consisted of Gabelli downgrading their Buy rating to Hold on March 25. On the date of report, the stock closed at $27.23.

Dougherty & Company upgraded their Neutral rating to Buy on October 22, and fixed their price target at $31. This corresponds to a 17.03% upside from the last closing price. On the date of report, the stock closed at $25.54.

Company profile

Ethan Allen Interiors Inc. designs, manufactures, sources, sells, and distributes a range of home furnishings and accessories. The Company offers a variety of products including case goods items, such as beds, dressers, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents. Ethan Allen Interiors serves clients worldwide.

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