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ETH

Ethan Allen

$31.78

1.725 (5.74%)

, STLY

Stanley Furniture

$1.74

0.0001 (0.01%)

14:41
10/18/16
10/18
14:41
10/18/16
14:41

Ethan Allen jumps after providing Q1 preliminary view

Shares of furniture maker Ethan Allen (ETH) are jumping in afternoon trading after the company, earlier in the day, provided preliminary first quarter financial results. WHAT'S NEW: Based on preliminary financial information, the company expects to report a retail comparable delivered sales increase of 5.7%, a consolidated net sales increase of 1.5% and an adjusted EPS in the range of 42c-43c, compared to 46c in the same period last year. Analysts were expecting Q1 EPS to be 51c for the quarter. Adjusted operating expenses for the quarter are expected to increase by $5.8M. An advertising increase of 22.3% to $8.1M, expenses associated with the Ethan Allen Disney launch of $0.9M and incremental new Design Center start-up losses of $0.9M resulted in a 7c EPS impact.. "We look forward to discussing our progress and initiatives at the forthcoming Investor Meeting," said Farooq Kathwari, Chairman and CEO of Ethan Allen. "Topics will include the repositioning of our offerings, our expanded marketing, investments in new Design Centers around the country, investments in technology, and the launch of the Ethan Allen Disney magical home program in November 2016." He added, "All of these initiatives coupled with a substantial expansion of our advertising have resulted in increased operating expenses compared to the prior year first quarter. Our retail comparable written sales increased 8% during the first quarter. We remain cautiously optimistic." PRICE ACTION: Shares of Ethan Allen are up $1.73, or 5.74%, to $31.77 per share. OTHERS TO WATCH: Other publicly traded furniture companies include Stanley Furniture Company (STLY), La-Z-Boy (LZB), and Hooker Furniture (HOFT).

ETH

Ethan Allen

$31.78

1.725 (5.74%)

STLY

Stanley Furniture

$1.74

0.0001 (0.01%)

LZB

La-Z-Boy

$25.10

0.84 (3.46%)

HOFT

Hooker Furniture

$25.65

-0.2 (-0.77%)

  • 26

    Oct

ETH Ethan Allen
$31.78

1.725 (5.74%)

07/19/16
TLSY
07/19/16
UPGRADE
Target $40
TLSY
Outperform
Ethan Allen upgraded to Outperform on sales momentum at Telsey Advisory
Telsey Advisory analyst Cristina Fernandez upgraded Ethan Allen to Outperform and raised its price target to $40 from $33. The analyst said Ethan Allen has renewed sales momentum and sees several initiatives in the next few quarters that could sustain sales and drive shares higher. These include new modern styles through August, a Disney line in the Fall,and a homeowners program with real estate brokers that is just getting underway. As ales grow, Fernandez expects operating margins to expand as it leverages its manufacturing fixed costs.
07/19/16
07/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chipotle (CMG) upgraded to Outperform from Underperform at CLSA with analyst Jeremy Scott saying the Chiptopia loyalty program is a highly compelling and engaging platform that re-energized its most loyal customers while providing a large-scale acquisition of customer data. 2. Hasbro (HAS) upgraded to Overweight from Neutral at Piper Jaffray with analyst Stephanie Wissink saying the recent pullback in shares provides an opportunity to buy for "holiday 2016 and full year 2017 drivers." 3. IDEX Corp. (IEX) upgraded to Buy from Neutral at Janney Capital with analyst Michael Gaugler saying the company's commentary that North American industrial end markets are showing signs of stabilization was probably more relevant than the second quarter results. 4. Ethan Allen (ETH) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Cristina Fernandez saying Ethan Allen has renewed sales momentum and sees several initiatives in the next few quarters that could sustain sales and drive shares higher. 5. Tesoro (TSO) upgraded to Buy from Neutral at Citi with analyst Faisel Khan saying the shares are trading at a significant discount to net asset value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/16
RAJA
07/27/16
DOWNGRADE
RAJA
Market Perform
Ethan Allen downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Budd Bugatch downgraded Ethan Allen Interiors to Market Perform citing valuation following the recent rally in the shares.
07/19/16
TLSY
07/19/16
UPGRADE
TLSY
Outperform
Ethan Allen upgraded to Outperform from Market Perform at Telsey Advisory
STLY Stanley Furniture
$1.74

0.0001 (0.01%)

LZB La-Z-Boy
$25.10

0.84 (3.46%)

08/05/16
08/05/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Hold at Loop Capital. 2. Angie's List (ANGI) initiated with a Buy at Loop Capital. 3. GrubHub (GRUB) initiated with a Buy at Loop Capital. 4. Symantec (SYMC) reinstated with an Equal Weight at Barclays. 5. La-Z-Boy (LZB) initiated with a Neutral at Longbow. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/27/16
01/27/16
DOWNGRADE

Hold
La-Z-Boy downgraded at BB&T
As noted earlier, BB&T downgraded La-Z-Boy to Hold from Buy. The firm notes that the company's competitors have reported negative SSS and "softening orders." BB&T adds that the company is facing a tough orders comp, creating further risk.
01/27/16
01/27/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BG Group (BRGYY) downgraded to Neutral from Outperform at Credit Suisse... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Citi... Bill Barrett (BBG) downgraded to Neutral from Buy at Ladenburg... Brown & Brown (BRO) downgraded to Underweight at Morgan Stanley... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at BTIG... Canadian National (CNI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Sell from Hold at Topeka... FirstMerit (FMER) downgraded at RBC Capital... Gentex (GNTX) downgraded to Neutral from Outperform at Baird... Haverty Furniture (HVT) downgraded to Sector Weight from Overweight at KeyBanc... Hercules Technology (HTGC) downgraded to Neutral from Buy at Compass Point... Horizon Technology (HRZN) downgraded to Market Perform from Outperform at Raymond James... Installed Building downgraded to Sector Weight from Overweight at KeyBanc... Jarden (JAH) downgraded to Neutral from Buy at Citi... K+S (KPLUF) downgraded to Sell from Hold at Berenberg... La-Z-Boy (LZB) downgraded at BB&T... Legacy Reserves (LGCY) downgraded to Market Perform from Outperform at FBR Capital... Medivation (MDVN) downgraded to Hold from Buy at Canaccord... Merck (MRK) downgraded to Neutral from Buy at BofA/Merrill... Metaldyne Performance (MPG) downgraded to Neutral from Outperform at Baird... Pier 1 Imports (PIR) downgraded to Sector Weight from Overweight at KeyBanc... Priceline (PCLN) downgraded to Neutral from Buy at Goldman... Profire Energy (PFIE) downgraded to Neutral from Buy at Chardan... Regeneron (REGN) downgraded to Hold at Canaccord... Starwood (HOT) downgraded to Underperform from Outperform at CLSA... Swiss Re (SSREY) downgraded to Equal Weight from Overweight at Morgan Stanley... TSYS (TSS) downgraded to Equal-Weight from Overweight at First Analysis... Talmer Bancorp (TLMR) downgraded to Sector Perform from Outperform at RBC Capital... TopBuild (BLD) downgraded to Sector Weight from Overweight at KeyBanc... TripAdvisor (TRIP) downgraded to Sell from Neutral at Goldman... VMware (VMW) downgraded to Hold from Buy at Summit Research... W.R. Grace (GRA) downgraded to Buy from Conviction Buy at Goldman... WEC Energy (WEC) downgraded to Neutral from Conviction Buy at Goldman... Welltower (HCN) downgraded to Underperform from Market Perform at BMO Capital... Yamana Gold (AUY) downgraded to Neutral from Overweight at JPMorgan.
08/05/16
LBOW
08/05/16
INITIATION
LBOW
Neutral
La-Z-Boy initiated with a Neutral at Longbow
HOFT Hooker Furniture
$25.65

-0.2 (-0.77%)

01/07/16
01/07/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at MKM Partners... Agilent (A) upgraded to Outperform, named a top pick at Cowen... Allscripts (MDRX) upgraded to Outperform from Sector Perform at RBC Capital... AmeriGas (APU) upgraded to Buy from Neutral at Janney Capital... American Airlines (AAL) upgraded to Outperform from Neutral at Credit Suisse... BNY Mellon (BK) upgraded to Overweight from Neutral at JPMorgan... Booz Allen (BAH) upgraded to Outperform from Market Perform at Wells Fargo... C.H. Robinson (CHRW) upgraded to Neutral from Sell at UBS... CACI (CACI) upgraded to Outperform from Market Perform at Wells Fargo... Calavo Growers (CVGW) upgraded to Buy from Neutral at DA Davidson... Cerner (CERN) upgraded to Top Pick from Outperform at RBC Capital... Charles River (CRL) upgraded to Outperform from Market Perform at Wells Fargo... Comerica (CMA) upgraded to Outperform from Neutral at Baird... Cousins Properties (CUZ) upgraded to Outperform from Neutral at Baird... Deutsche Bank (DB) upgraded to Overweight from Equal Weight at Barclays... Discover (DFS) upgraded to Buy from Hold at Deutsche Bank... EXFO Inc. (EXFO) upgraded to Sector Performer from Underperformer at CIBC... EverBank (EVER) upgraded to Strong Buy from Outperform at Raymond James... First Cash Financial (FCFS) upgraded to Buy from Neutral at Sterne Agee CRT... Hooker Furniture (HOFT) upgraded to Buy from Hold at BB&T... Host Hotels (HST) upgraded to Outperform from Neutral at Baird... Kilroy Realty (KRC) upgraded to Outperform from Neutral at Baird... McCormick (MKC) upgraded to Buy from Hold at Deutsche Bank... Noble Energy (NBL) upgraded to Buy from Hold at Deutsche Bank... Nordson (NDSN) upgraded to Buy from Hold at Wunderlich... Ocean Shore Holding (OSHC) upgraded to Buy from Hold at Sandler O'Neill... Olin Corp. (OLN) upgraded to Buy from Neutral at Nomura... Pioneer Natural (PXD) upgraded to Buy from Hold at Deutsche Bank... Public Storage (PSA) upgraded to Outperform from Neutral at Baird... RLI Corp. (RLI) upgraded to Market Perform from Underperform at Keefe Bruyette... Regency Centers (REG) upgraded to Outperform from Neutral at Baird... SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo... SL Green Realty (SLG) upgraded to Outperform from Neutral at Baird... Sierra Bancorp (BSRR) upgraded to Outperform from Market Perform at Raymond James... Southwest (LUV) upgraded to Equal Weight from Underweight at Morgan Stanley... State Street (STT) upgraded to Neutral from Underweight at JPMorgan... Sunstone Hotel (SHO) upgraded to Outperform from Neutral at Baird... VWR (VWR) upgraded to Market Perform from Underperform at Cowen... Wells Fargo (WFC) upgraded to Buy from Neutral at Citi.
07/15/16
SIDC
07/15/16
INITIATION
Target $32
SIDC
Buy
Hooker Furniture reinitiated with a Buy at Sidoti
Sidoti reinitiated coverage on Hooker Furniture with a Buy and $32 price target.
03/23/16
03/23/16
DOWNGRADE

Hold
Hooker Furniture downgraded on valuation, consumer risk at BB&T
As noted earlier, BB&T downgraded Hooker Furniture to Hold from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the decline in the confidence of high end consumers could create risk for the company.
03/23/16
03/23/16
DOWNGRADE

Hold
Hooker Furniture downgraded to Hold from Buy at BB&T

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