Ethan Allen Interiors (NYSE:ETD) Reaches New 52-Week Low – Here’s What Happened

Ethan Allen Interiors Inc. (NYSE:ETD) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $25.35 and last traded at $26.03, with a volume of 241325 shares traded. The stock had previously closed at $28.04.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.

Ethan Allen Interiors Trading Down 8.2 %

The company has a market cap of $654.70 million, a P/E ratio of 10.82 and a beta of 1.27. The firm has a 50-day moving average of $28.54 and a 200 day moving average of $29.26.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 65.55%.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.70, for a total transaction of $267,000.00. Following the transaction, the chief executive officer now directly owns 1,631,905 shares in the company, valued at approximately $43,571,863.50. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $846,400 over the last three months. Corporate insiders own 10.48% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after acquiring an additional 1,097 shares during the period. FMR LLC lifted its holdings in Ethan Allen Interiors by 421.3% during the third quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after purchasing an additional 15,309 shares during the last quarter. Barclays PLC boosted its holdings in Ethan Allen Interiors by 113.8% in the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after buying an additional 30,437 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Ethan Allen Interiors by 6.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock worth $2,131,000 after acquiring an additional 4,267 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Ethan Allen Interiors by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after buying an additional 3,310 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

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.