Is Ethan Allen Interiors Inc. (ETH) a Buy? The Stock Formed Bullish Descending Triangle

October 2, 2018 - By Ruchi Gupta

Ethan Allen Interiors Inc. (NYSE:ETH) Logo

Investors sentiment decreased to 1.08 in Q2 2018. Its down 0.28, from 1.36 in 2018Q1. It turned negative, as 20 investors sold Ethan Allen Interiors Inc. shares while 41 reduced holdings. 23 funds opened positions while 43 raised stakes. 24.93 million shares or 1.01% less from 25.19 million shares in 2018Q1 were reported.
Strs Ohio owns 20,400 shares or 0% of their US portfolio. Riverhead Mngmt Ltd Liability Corporation stated it has 3,434 shares. Comerica Bancorp reported 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH). Mutual Of America Capital Mgmt Lc accumulated 92 shares. State Of Alaska Department Of Revenue has 0% invested in Ethan Allen Interiors Inc. (NYSE:ETH) for 8,214 shares. Barclays Public Ltd Company accumulated 16,023 shares or 0% of the stock. Ls Investment Advsrs Limited Liability Co invested 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH). Zurcher Kantonalbank (Zurich Cantonalbank) has 2,277 shares. Millennium Ltd Llc has invested 0.01% in Ethan Allen Interiors Inc. (NYSE:ETH). Arizona State Retirement System accumulated 0.01% or 36,375 shares. Moreover, Bluecrest Cap Mngmt Ltd has 0.02% invested in Ethan Allen Interiors Inc. (NYSE:ETH). Ameritas Invest Ptnrs stated it has 0% of its portfolio in Ethan Allen Interiors Inc. (NYSE:ETH). Rafferty Asset Mngmt Ltd Liability has 9,162 shares. Foundry Lc invested in 204,680 shares or 0.21% of the stock. Yorktown Mgmt & Com Inc reported 20,000 shares.

The stock of Ethan Allen Interiors Inc. (ETH) formed a descending triangle with $21.76 target or 5.00 % above today’s $20.72 share price. The 6 months triangle pattern indicates low risk for the $549.69M company. If the $21.76 price target is reached, the company will be worth $27.48 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.14% or $0.03 during the last trading session, reaching $20.72. About 272,366 shares traded or 23.01% up from the average. Ethan Allen Interiors Inc. (NYSE:ETH) has declined 27.24% since October 2, 2017 and is downtrending. It has underperformed by 42.86% the S&P500.

Analysts await Ethan Allen Interiors Inc. (NYSE:ETH) to report earnings on October, 24. They expect $0.32 EPS, up 14.29 % or $0.04 from last year’s $0.28 per share. ETH’s profit will be $8.49 million for 16.19 P/E if the $0.32 EPS becomes a reality. After $0.43 actual EPS reported by Ethan Allen Interiors Inc. for the previous quarter, Wall Street now forecasts -25.58 % negative EPS growth.

Another recent and important Ethan Allen Interiors Inc. (NYSE:ETH) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within Ethan Allen Interiors, Church & Dwight Co., NGL Energy Partners LP, Anworth …” on October 02, 2018.

Ethan Allen Interiors Inc. operates as an interior design company, and maker and retailer of home furnishings in North America, Europe, Asia, and the Middle East. The company has market cap of $549.69 million. The firm operates through two divisions, Wholesale and Retail. It has a 15.7 P/E ratio. The Company’s products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items, including window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.

Ethan Allen Interiors Inc. (NYSE:ETH) Institutional Positions Chart

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