Ethan Allen Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst John Baugh reiterated a Hold rating on Ethan Allen (NYSE: ETH) today and set a price target of $23. The company’s shares opened today at $22.65, close to its 52-week low of $22.

According to TipRanks.com, Baugh is a 5-star analyst with an average return of 14.2% and a 58.7% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, La-Z-Boy Inc, and Tempur Sealy.

Ethan Allen has an analyst consensus of Hold, with a price target consensus of $23.

Based on Ethan Allen’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $198 million and quarterly net profit of $14.86 million. In comparison, last year the company earned revenue of $181 million and had a net profit of $2.28 million.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ETH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ethan Allen Interiors, Inc. is engaged in manufacturing home furnishings and accessories. It also offers a full complement of home decorating and design solutions through its home furnishing retail networks. The company operates its business activities through two operating segments: Wholesale and Retail.