Ethan Allen Interiors’ (ETD) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $30.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ethan Allen Interiors in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.00.

Ethan Allen Interiors Price Performance

Shares of ETD opened at $27.58 on Thursday. The firm’s 50 day simple moving average is $28.86 and its 200 day simple moving average is $28.27. The company has a market capitalization of $701.83 million, a P/E ratio of 13.72 and a beta of 1.12. Ethan Allen Interiors has a 1-year low of $24.55 and a 1-year high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. Ethan Allen Interiors’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. On average, equities analysts anticipate that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Ethan Allen Interiors’s payout ratio is presently 77.61%.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total value of $420,150.00. Following the transaction, the chief executive officer directly owned 1,583,652 shares of the company’s stock, valued at $44,358,092.52. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 31,400 shares of company stock valued at $900,866 over the last quarter. 9.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETD. IFP Advisors Inc increased its stake in shares of Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company’s stock worth $25,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC increased its position in Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after purchasing an additional 2,398 shares during the period. AlphaQuest LLC increased its position in Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock valued at $94,000 after purchasing an additional 2,634 shares during the period. Quarry LP increased its position in Ethan Allen Interiors by 72.2% during the 1st quarter. Quarry LP now owns 4,484 shares of the company’s stock valued at $124,000 after purchasing an additional 1,880 shares during the period. Finally, CWM LLC increased its position in Ethan Allen Interiors by 391.4% during the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after purchasing an additional 3,374 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of 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.