Ethan Allen Interiors (NYSE:ETD) Sets New 12-Month Low – What’s Next?

Ethan Allen Interiors Inc. (NYSE:ETD)’s share price hit a new 52-week low on Monday . The company traded as low as $19.92 and last traded at $19.9350, with a volume of 124928 shares. The stock had previously closed at $20.39.

Analyst Ratings Changes

ETD has been the topic of several research reports. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, April 30th. Finally, Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $24.00.

Ethan Allen Interiors Trading Down 3.8%

The stock has a market cap of $499.46 million, a PE ratio of 12.42 and a beta of 1.04. The company’s 50 day moving average is $22.20 and its 200-day moving average is $23.38.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $135.84 million during the quarter, compared to analysts’ expectations of $134.85 million. Ethan Allen Interiors had a net margin of 6.81% and a return on equity of 8.54%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. As a group, analysts forecast that Ethan Allen Interiors Inc. will post 1.48 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.56 dividend on an annualized basis and a yield of 7.9%. Ethan Allen Interiors’s dividend payout ratio is currently 98.73%.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of Ethan Allen Interiors by 365.5% in 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ethan Allen Interiors by 132.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after buying an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Ethan Allen Interiors during the first quarter worth approximately $88,000. CWM LLC increased its stake in shares of Ethan Allen Interiors by 391.4% in the third quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $125,000 after buying an additional 3,374 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Ethan Allen Interiors by 106.0% in the third quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after buying an additional 2,359 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.