Ethan Allen Hit By Traffic Slowdown, Cuts 2025 Outlook
1. Ethan Allen's sales declined by 2.5% in Q3 due to order intake drops. 2. Analyst Cristina Fernández lowered price target to $30 while keeping Market Perform rating. 3. Company's order intake fell 11% following a 14% increase last quarter. 4. Earnings per share were 38 cents, below consensus of 46 cents. 5. Sales forecast revised down to a 6.6% decline amid deteriorating trends.